December 26, 2024
WASHINGTON (AP) — The average rate on a 30-year mortgage in the U.S. rose for the second week in a row to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a… Continue Reading…
Mortgage rates rose again this week to end the year slightly higher than where they began. The average 30-year fixed-rate mortgage rate was 6.85% for the week through Wednesday, according to Freddie Mac data. That’s up from 6.72% a week… Continue Reading…
National Averages of Lenders’ Best Rates – New Purchase Loan Type New Purchase Rates Daily Change 30-Year Fixed 7.02% +0.07 FHA 30-Year Fixed 6.28% No Change VA 30-Year Fixed 6.53% +0.05 20-Year Fixed 6.99% +0.10 15-Year Fixed 6.20% +0.06 FHA… Continue Reading…
Key Takeaways The Federal Reserve expects to cut its influential federal funds rate at a slower pace in the new year than previously anticipated. That could influence all borrowing costs, including car loans, mortgages and other credit types. Some of… Continue Reading…
Mortgage rates edged higher this week, with the 30-year fixed rate drifting up to 6.94 percent, according to Bankrate’s latest lender survey. Meanwhile, the Federal Reserve last week announced another quarter-point cut, despite a higher-than-expected inflation reading last week. Loan… Continue Reading…
The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. But with inflation pressures still elevated and with concern that President-elect… Continue Reading…
If you’re considering buying a new home or refinancing your current mortgage, understanding today’s mortgage rates is crucial. The cost of borrowing can significantly impact your finances, and staying informed helps you make better decisions. As of December 26, 2024, mortgage rates… Continue Reading…
The U.S. mortgage delinquency rate increased significantly in November, rising 8.38% compared with October, according to ICE Mortgage Technology’s First Look report. As of the end of the month there were about 2.027 million residential properties in some stage of… Continue Reading…
After a few consecutive weeks of decreases, mortgage rates are on the rise. According to Zillow, the 30-year fixed mortgage rate rose by 5 basis points to 6.73%, and the 15-year fixed rate is up by nine basis points to… Continue Reading…
Marriage can be tricky especially when it comes to finances. If the spouses have completely different salaries, one person often ends up paying more than half of everything, and sometimes that leads to conflict. In today’s story, a wife is… Continue Reading…