Mortgage Rates Continue Downward Trend But Just Not Enough

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In: Mortgage News

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Mortgage rates continued their downward trend this week amid signs that the US economy is cooling down due to monetary policy tightening.  However, recent markdowns have not been enough to convince borrowers to take out a home loan. Danielle Hale,Continue Reading

Rise in Mortgage Interest Rates Bring Challenges for First-Time Home Buyers

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In: New Home Mortgage News

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An all-around focus on the housing market will get harder. The Federal Funds Rate expanded by 25 premise focuses a week ago.  The first increment by the Federal Reserve began around 2018. This increment is expected to affect the housingContinue Reading

U.S. Mortgage Rates Jumps Higher

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In: Mortgage News

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U.S. contract rates expanded to a two-year high last week and could continue to rise, a pattern which might additionally crush first-time purchasers attempting to beat higher home costs and restricted lodging supply. Rates for a 30-year fixed-rate contract foundContinue Reading

Best Mortgage Rate Today

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In: Mortgage News

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Now is a good time to buy or refinance a home, and lock in a low rate. Mortgage rates are at historical lows. According to Bankrate.com, the average rate today, on a 30-year fixed mortgage is 3.29% with an APRContinue 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

Mortgage and Refinance Rate Today

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In: Refinance News

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For the most part of last year and this year, the fixed mortgage rates have been historically lower than adjustable rates. Now, adjustable rates are racing with fixed mortgage rates. The average purchase rate for a 30 year fixed rateContinue Reading

The Average Interest Rate on Mortgage Stayed Constant for the Week

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In: Mortgage News

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This week Freddie Mac reported that the average rate on the 30-year fixed-rate home loan dropped down from 3.11% the previous week to 3.10% last week, the rate was 2.71% in 2020. There was a dip in the average rateContinue Reading

Which Direction Would the Mortgage Rates Move With The Onset Of New COVID Variant?

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In: Mortgage News

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Even in the midst of market volatility and economic threats and the COVID variant, the US mortgage rates increased this week and remained relatively stable. According to the latest Primary Mortgage Market Survey of Freddie Mac the first weekend ofContinue 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

Mortgage rates this week have increased above 3% reports PMMS

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In: Mortgage News

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According to the latest Freddie Mac, PMMS mortgage report, the Mortgage rates this week have increased above 3% The 30-year fixed-rate mortgage went up 12 basis points from 2.98% last week to 3.10%. Last year same time, it averaged atContinue Reading