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

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 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

Mortgage Rates-Will the Fed Provide Loan Relief?

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In: Mortgage News

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The recent drop in mortgage rates has given some hope that borrowers may develop a greater appetite for home loans.  But even if the rate falls between 6s, the market is still far from “normal” and as a result, industryContinue Reading

Mortgage Rates Are Down But It May Not Be A Turning Point

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In: Mortgage News

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Some lenders saw a sharp increase in mortgage demand from borrowers after interest rates fell last week due to low inflation.  Still, executives and lenders say it’s too early to call this a turning point in the shrinking mortgage market. Continue Reading

First Time Home Buyers In The State Of California To Receive Forgivable Loans

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In: New Home Mortgage News

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Last updated on May 12th, 2022 at 03:09 pmCalifornia is currently offering forgivable loans to working-class home purchasers who battle to make initial installments amid spiraling house costs. The new Forgivable Equity Builder Loan program permits qualified, first-time purchasers toContinue 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

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

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