Mortgage Interest Rates Goes Above 6% For The First Since 2008

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In: Mortgage News

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The most popular mortgages in the United States now have an average interest rate above 6%, the first time since 2008 that number has been exceeded. According to data from the Mortgage Bankers Association (MBA), average interest rates have doubledContinue Reading

Many Home Buyers Apply For Family Backed Mortgages As Interest Rate Hikes

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In: New Home Mortgage News

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It’s not the best time to buy a home, with home prices hovering near all-time highs and mortgage rates continuing to rise.  The average mortgage rate on a 30-year loan was 5.54% on July 21, according to St. Louis FedContinue Reading

April Could See Higher Interest Rates Due To Inflation

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In: Mortgage News

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Mortgage rates presumably will increase in April, proceeding with the current year’s vertical pattern for interest rates, everything being equal. Costs are going in the mood for everything, including interest, which is the cost we pay for getting cash. PurchaserContinue Reading

Will the Mortgage Interest Rates Hit 5% mark Soon?

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In: New Home Mortgage News

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Last updated on October 2nd, 2023 at 08:19 pmFor as long as a decade, American property holders became used to mortgage rates that once would have been unbelievably low. The rate on a 30-year loan began with a three orContinue Reading

Mortgage and Refinance Rates Today

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In: Refinance News

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Over the last few months, the fixed mortgage rates have been rising steadily yet all mortgage rates are at all-time lows today. The Federal Reserve had announced that it will taper its purchasing of assets and mortgage-backed securities. The ratesContinue Reading

Current Mortgage and Refinance Rates

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In: Refinance News

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Last updated on September 5th, 2022 at 09:11 pmAccording to data compiled by Bankrate, across the country, the mortgage rates are mostly up compared to last week.  The market saw an increase in rates for 30-year fixed, 15-year fixed, andContinue Reading

Current Mortgage Interest Rates Go Up

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In: Mortgage News

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Some of the major mortgage rates increased today. There was an increase in the average interest rates for both 15-year fixed and 30-year fixed mortgages.   There is an upward trend in the average rate of 5/1 adjustable-rate mortgages as well. Continue Reading

Current Mortgage Rate For May 11 2021

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In: Mortgage News

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Today some of the important mortgage rates dropped. The 15-year fixed and 30-year fixed mortgage rates both drifted down. The 5/1 adjustable-rate mortgages also moved down.  Mortgage interest rates are never permanent, but interest rates are at their best soContinue Reading

Mortgage Rates Driver For The 1st Week Of May

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In: Mortgage News

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Last updated on May 16th, 2022 at 08:39 amIt is getting continuously difficult to predict mortgage rates. Depending on market sentiment, headlines, and other economic indicators they rise and fall. What could move markets this week? On Friday, the bigContinue Reading