While the average long-term mortgage rate has not changed since last week. The economy shows improvement even while hospitalizations have increased due to the delta variant rising up. Freddie Mac said that the average rate for a 30-year mortgage stayedContinue Reading
Even as the US Treasury yields have climbed up this week, mortgage rates have not moved due to the uncertainty that the delta variant has brought in. Freddie Mac chief economist Sam Khater said that the race between the economicContinue Reading
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
Since the beginning of the coronavirus pandemic the mortgage rates in the U.S., have been historically low. and they’re likely to remain low, at least for a while suggests the Federal Reserve’s Open Market Committee (FOMC). The reason behind thisContinue Reading
Last updated on May 13th, 2022 at 04:45 pmMortgage rates rise and fall depending on a variety of economic indicators. Neither the existing home sales data by the National Association of Realtors nor new home sales by the federal governmentContinue Reading
Last updated on February 2nd, 2021 at 05:52 pmMortgage rates paused for the Thanksgiving holiday, after sinking to another all-time low last week. This was the 13th record low this year. OnContinue Reading
Last updated on February 2nd, 2021 at 05:54 pmA new record low in Bankrate’s weekly survey showed the average rate of a 30-year jumbo mortgage fell to 3.44% this week. That makes jumbo, or non-conforming loans cheaper than ever if you wantContinue Reading
Last updated on February 3rd, 2021 at 12:05 pmCredible Operations, Inc. compiled data, showing the rates for 20-year fixed mortgages have fallen since last week. Based on the updates on 9th November 2020, the data showed the 30-year fixed-rate mortgages at 2.625%,Continue Reading
Last updated on February 3rd, 2021 at 11:32 amProspective homebuyers and homeowners looking to purchase or refinance are eager to know if the record-low rates are going to continue. With the presidential elections closer the possibility of an impact on the interest rates isContinue Reading
