Browsing: rate

When mortgage rates fell to around 6% in August, homeowners jumped at the opportunity to refinance.In the months of September and October, more than 300,000 borrowers…

It’s been a wild ride for mortgage rates this year. The 30-year fixed began 2024 at around 6.625% and is currently not far from those levels.Despite…

Lately, there’s been a ton of speculation surrounding the direction of mortgage rates.I too have taken part in this quite a bit as I’ve attempted to…

Federal Reserve Gov. Christopher WallerBloomberg News At least one Federal Reserve official is leaning toward cutting interest rates at the central bank’s final monetary policy-setting meeting…

Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace,…

How to know what a “good” interest rate is today Source link

Lately, I’ve been a hearing a lot of people say that mortgage rates are “average” or “normal.”As in, they aren’t high or low. They’re just typical.This…

How changes in interest rate affect debt Source link

A mortgage rate war is underway as more than half of all mortgages held by Canadian banks are coming up for renewal over the next two…

If you’ve been home shopping since early 2022 when mortgage rates surged higher, you’ve likely come across the buydown.The buydown is used to lower a home…