December 31, 2024
National Averages of Lenders’ Best Rates – New Purchase Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.93% -0.06 FHA 30-Year Fixed 6.28% No Change VA 30-Year Fixed 6.45% -0.09 20-Year Fixed 6.84% -0.09 15-Year Fixed 6.18% -0.08 FHA… Continue Reading…
Some servicing risks will grow in 2025 if rates follow the path in consensus forecasts. “We do think prepayment speeds are going to inch higher if rates remain flat, and one of the primary reasons for that is cash-out refinance… Continue Reading…
The mortgage on an Aiken landmark has been paid off. Coleen Reed, president of the nonprofit Friends of the Gaston Livery Stable, presented the final check to Security Federal Bank Vice President Josh Booth on Dec. 30. Reed said the… Continue Reading…
Illustration by Lanette Behiry/Real Estate News 2024 was supposed to be the year that home sales bounced back, but rates, inflation (and buyers) had other plans. Mortgage rates were no friend of the real estate industry in 2024, alternately raising — then dashing… Continue Reading…
As of December 31, 2024, mortgage rates have displayed a noteworthy decrease across various terms, bringing both hope and opportunity to prospective homebuyers and those considering refinancing their existing mortgages. According to Zillow’s data, the 30-year fixed mortgage rate is currently at 6.64%,… Continue Reading…
Purchase rates have decreased on almost all mortgage terms today. According to Zillow, the 30-year fixed mortgage rate has dropped by eight basis points to 6.64%, and the 15-year fixed rate is down by nine basis points to 6.03%. Although… Continue Reading…
Rohit Chopra The Consumer Financial Protection Bureau (CFPB) is suing Rocket Homes for providing kickbacks to real estate brokers and agents to steer prospective borrowers to Rocket Mortgage for loans. The CFPB is also suing… Continue Reading…
WAUSAU, Wis. (WSAW) – If you plan to buy a home in 2025, start saving now. Mortgage rates are likely to stay high around the seven percent mark. The Wisconsin Realtors Association’s stats on Marathon County show 1,314 homes have… Continue Reading…
December 30, 2024
After reaching their highest level since July earlier last week, 30-year refinancing rates lowered for a second day on Friday, reaching an average of 7.12%. Back in September, rates on 30-year refinance loans sank to a 19-month low of 6.01%.… Continue Reading…
2024 was a disappointing year for those looking forward to a Fed rate-cut cycle and what that could do to mortgage rates. A strong economy (and a skittish Fed) pushed rate cuts all the way to September — and then… Continue Reading…