December 25, 2024
This Christmas Day 2024 brings a different kind of surprise for many—especially for those eyeing to own a home or considering refinancing: a rise in today’s mortgage rates. Despite the festive mood, there’s an undeniable seriousness to this financial update—raised… Continue Reading…
Mortgage rates have risen over the past week, and continue inching higher today. According to Zillow, the average 30-year fixed mortgage rate has increased by four basis points to 6.68%. The 20-year fixed interest rate has jumped up by 29… Continue Reading…
December 24, 2024
Average mortgage rates increased for all loan terms compared to a week ago, according to Bankrate data. Rates for 30-year fixed, 15-year fixed, 5/1 ARMs and jumbo loans rose. Rates last updated December 24, 2024. These rates are averages based… Continue Reading…
Suspensions and arrears on mainstream mortgages hit relatively high levels for the year, which suggests alignment in the two indicators, but a new working paper indicates they have two different drivers. The Mortgage Bankers Association reported Monday afternoon that forbearance… Continue Reading…
Editor’s Note: Investopedia will not publish daily mortgage rate news on Wednesday, Dec. 25, in observance of Christmas Day. We will return to our daily rate coverage on Thursday, Dec. 26. The states with the cheapest 30-year new purchase mortgage… Continue Reading…
Just in time for the holiday season of giving, 10 members of ORNL Federal Credit Union (ORNL FCU) had their auto loans completely paid off, and two more members were chosen to have their mortgage payments covered for an entire… Continue Reading…
Scores of homeowners are spending more on insurance and property taxes than they do on their mortgages, according to a troubling new study. Home insurance prices have skyrocketed as natural disasters and the rising costs of repairs have driven up… Continue Reading…
Detroit’s sky-high wonders: Top 5 tallest buildings Explore the top five tallest buildings that define Detroit’s impressive skyline. Got junk? For the city of Detroit and its top downtown employer, the answer is not anymore. That’s because 2024 was the… Continue Reading…
One of the nation’s largest mortgage companies, online lender LoanDepot boasts lower rates and a variety of down payment assistance programs. We like that LoanDepot has taken a lot of the sting out of the mortgage process, with remote closings and… Continue Reading…
Average mortgage rates inch higher across popular terms as of Tuesday, December 24, 2024, pushing the 30-year fixed rate to 7.00% nearly a week after the Federal Reserve announced a third consecutive cut to its benchmark interest rate. The year’s… Continue Reading…