Mortgage rates hit reverse ahead of the holidays, with volatility stemming from the Omicron strain weighing. In the week ending 23rd December, 30-year fixed rates fell by 7 basis point to 3.05%. 30-year fixed rates held above the 3% mark for a 6th consecutive week in spite of the decline. Compared to this time last […]
Read MoreGetty Images/iStockphoto Mortgage rates remain near historic lows, with some 30-year rates near 3% and some 15-year rates near 2%, as you can see here — though experts predict they will rise. But you might not get a mortgage at all, if you fall into some of these traps: According to a recently released NerdWallet […]
Read MoreMortgage rates are standing still, but higher borrowing costs are not far away Mortgage rates are taking a breather, having shown little movement up or down over the past few weeks, a widely followed survey shows. That’s giving homebuyers and refinancing homeowners more time to lock in money-saving rates before they evaporate. There are good […]
Read MoreGetty Images/iStockphoto With about 1,000 mortgages under his belt over the past 20 years, Jay Goldberg, a mortgage broker at Union Bank in Los Angeles, has seen firsthand how the market ebbs and flows and what that means for homebuyers and refinancers. “Ten or 12 years ago, in the Great Recession, self-employed and professional clients […]
Read MoreLow mortgage rates are holding on — and millions of US homeowners are making this big mistake Mortgage rates have been relatively stable over the past few weeks, a widely followed survey shows, even as experts keep warning that higher borrowing costs are on the way. For now, fears about the omicron variant and its […]
Read More(Bloomberg) — Fannie Mae and Freddie Mac climbed after their regulator announced that the mortgage giants will be able to back loans worth nearly $1 million in some of the most expensive U.S. housing markets. Reflecting the surge in home prices during the Covid-19 pandemic, Fannie and Freddie will be able to buy loans of […]
Read MoreMortgage rates fell for a 2nd consecutive week, marking a 2nd decline in 5-weeks. The fall also saw 30-year fixed rates fall back to sub-3% after having held above the 3% mark for 4 weeks in a row. In the week ending 11th November, 30-year fixed rates slid by 11 basis points to 2.98%. Compared […]
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