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
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
Last updated on May 16th, 2022 at 08:41 amMortgage rates have been revolving around all-time lows for one year, but they will begin a sustained rise. In the coming months, economists are expecting the rates to rise because the interestContinue 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
Based on data collected by Credible, mortgage rates remained unaffected since yesterday. 30-year fixed mortgage rates:125%, unchanged 20-year fixed mortgage rates:750%, unchanged 15-year fixed mortgage rates:250%, unchanged 10-year fixed mortgage rates:125%, unchanged What this means: even though mortgage interest rates heldContinue Reading
After the previous week’s big jump, mortgage rates dragged back slightly. However, that dip is anticipated to be short-lived. In accordance with the newest data released Thursday by Freddie Mac, there was a fall in the 30-year fixed-rate average belowContinue Reading
Last week Mortgage rates rises to a three-month as the bond markets responded to the Federal Reserve’s broadcast it would “soon” start tapering its fixed-asset purchases. For a 30-year fixed home loan the average U.S rate rises to 3.01%, theContinue Reading
The current mortgage rates can have a huge bang on how much you pay for your home. Where a competitive mortgage rate can help you lower your monthly housing payment, paying more for a home loan can leave you payingContinue Reading
