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
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
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
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
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
As per a new survey from the country’s largest mortgage trade association, refinance applications rose, only once in eight weeks otherwise they have been continuously dropping, and the numbers are much lower than they were in 2020. With COVID-19 casesContinue Reading
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
If you’re planning a home purchase or refinancing it soon then now is the right time to lock a mortgage rate, because the next Federal Reserve meeting is set for Nov. 2-3. There is a strong possibility of the mortgageContinue Reading
Mortgage rates mostly sat still Wednesday, with the most trendy home loan types remaining flat and a few fixed-rate averages dropping just a point or two. This follows rates bolting Monday to their peak averages since March. National Averages ofContinue Reading
Average mortgage rates dropped lower yesterday. Phew! That was the first fall in 10 calendar days and felt overdue. Today’s rates might feel high. But that’s only compared with parts of 2020 and 2021. Go back any further and they’reContinue Reading
