As The Mortgage Rates Continue Their Downward Trend What Does It Mean For Housing Market?

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In: Mortgage News

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The Federal Reserve’s decision to slow the pace of rate hikes this week has pushed mortgage rates lower – even as the central bank reiterated that it will continue to firm the economy next year.  These lower rates are encouragingContinue Reading

Mortgage Rates Bobbing

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In: Mortgage News

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Mortgage demand dropped as rates rose again for most of last week, but with the news of a new variant of COVID, things changed by the end of the week. According to the Mortgage Bankers Association, the average rate onContinue Reading

Would Rates Ever Drop Down Again?

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In: Mortgage News

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The relatively low mortgage rates will eventually come to an end. According to Bankrate’s national survey of lenders for a 30-year fixed-rate mortgage loan rates averaged 3.24 % and 2.49% for a 15-year fixed-rate home loan.  Experts predict that ratesContinue Reading

Still time to Save - Today mortgage rates held at money-saving lows 12th Oct 2021

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In: Mortgage News

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Based on data collected by Credible, mortgage rates remained unaffected since yesterday. 30-year fixed mortgage rates:125%, unchanged 20-year fixed mortgage rates:750%, unchanged 15-year fixed mortgage rates:250%, unchanged 10-year fixed mortgage rates:125%, unchanged  What this means: even though mortgage interest rates heldContinue Reading

Mortgage rates go down below 3% but aren’t expected to be there long

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In: Mortgage News

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After the previous week’s big jump, mortgage rates dragged back slightly. However, that dip is anticipated to be short-lived. In accordance with the newest data released Thursday by Freddie Mac, there was a fall in the 30-year fixed-rate average belowContinue Reading

Today's Mortgage Rates Dropped Giving Homebuyers And Homeowners An Opportunity

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In: Realtor News

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The 30-year fixed-mortgage rate average dropped by 1 basis point compared to last week today the rate is 3.02%. The average rate for a 15-year fixed term decreased to 2 basis points from the same time a week ago todayContinue Reading

For The First Time In 3 Weeks Mortgage Rates Drops

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In: Mortgage News

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After rising continuously for 21 days, the mortgage rates dropped last week, but it didn’t have much effect on mortgage demand. According to the Mortgage Bankers Association’s seasonally adjusted index last week the total application volume rose 1.6% compared toContinue Reading

Mortgage Rate Trending Down

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In: Mortgage News

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Last updated on July 25th, 2022 at 09:29 amToday many notable mortgage rates declined. Both 30-year fixed and 15-year fixed mortgages averages also slid down.  There was a downward movement in the average rate of 5/1 adjustable-rate mortgages (ARM). MortgageContinue Reading

Borrower’s Hope Rises With The Fall In Mortgage Rates

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In: Refinance News

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Last updated on December 26th, 2022 at 09:34 pmFor the first time in 9-weeks, the mortgage rates have fallen. Though buying activity is limited due to rising house prices and low inventories. 30-year fixed rates were still down by 181Continue Reading

Mortgage Rates Slid Down

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In: Mortgage News

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Last updated on December 23rd, 2022 at 10:32 pmThe mortgage refinances rates have fallen since last Friday.  Even if the 30-year fixed mortgage is above 3%, across all loan types there is a drop in mortgage and refinance rates andContinue Reading