After Falling For Two Weeks Mortgage Rates Resume Their Climb

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In: Mortgage News

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This month marked the first time when mortgage rates in the US experienced an upward trend. Freddie Mac’s latest statement highlights the steady growth in the average rate for a 30-year, fixed loan, standing at a competitive 6.39% this weekContinue Reading

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

Mortgage Rates Rise - The Fed 0.75% Rate Increase

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In: Mortgage News

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The Federal Reserve announced today that it will raise benchmark interest rates by 0.75%, in line with expectations to fight inflation. It is currently at 3.125%.  “The Fed raised its federal fund’s rate target again today by 75 basis pointsContinue Reading

How the June FED Meeting Might Affect the Mortgage Rates?

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In: Mortgage News

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Will mortgage rates begin increasing once more? While borrowers have appreciated interest rate decreases lately, that could invert course after the Federal Reserve’s next Open Market Committee meeting on June 14 and 15. In May, the national bank illustrated itsContinue Reading

As Mortgage Rates Rise and Home Sales Drop - Mortgage Applications Fall to the lowest Numbers in 22 Years

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In: Mortgage News

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Mortgage rates are back on the rise, after a concise decrease in May, and the real estate market is as yet experiencing an absence of postings. Therefore, mortgage request keeps on dropping. All out mortgage application volume fell 6.5% lastContinue 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

Houston Housing Market Could be Impacted Due To Rising Interest Rates

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In: Realtor News

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The Houston region experienced record home deals in 2021, and business analysts and land agents accept the market will stay solid this year regardless of the Federal Reserve’s arrangement to begin bringing financing costs up in March. The interest forContinue Reading

Borrowers Look out as Mortgage Rates are at Peak since COVID Began

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In: Realtor News

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Mortgage interest rates are ablaze in 2022, up 30 premise focuses to 3.45% in the initial fourteen days of January alone-and the most elevated since March 2020.  While rates are still low compared with Pre-Covid levels, ever more blazing expansionContinue Reading

Homes in High Demand Despite Rising Mortgage Rates

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In: Realtor News

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January is commonly probably the slowest month for residential real estate, as individuals for the most part dig in their homes as opposed to attempting to leave for another one. Be that as it may, during Covid times, you canContinue Reading

Mortgage and Refinance Rates Today

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In: Refinance News

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Last updated on September 3rd, 2022 at 12:50 amCompared to last week, refinance interest rates rode higher today. Today the refinance rate of 30-year fixed is 0.20% higher than last week, today the rate is at 3.45%. The refinance rateContinue Reading