Fed officials said this week that despite some signs of improvement, it was too early to declare victory in the battle to return inflation to the 2% target. This may dampen optimism about the rapid recovery of the mortgage sector. Continue Reading
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
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
Consumer prices continued to rise in October, but at a slower annual pace, suggesting the Fed’s interest rate hikes are putting pressure on consumer spending. The consumer price index (CPI) rose 7.7% in October from a year earlier. According toContinue Reading
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
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
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
For the past 2 weeks, the mortgage rates had been slowly climbing higher. On 3rd January some lenders, experienced this because of heavy selling in the bond market as primarily the mortgage rates are based on bonds. Today these lendersContinue Reading
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
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
