mortgagerates

3 minutes read
After nearly two months of declines, mortgage rates inched higher this week. Freddie Mac’s Primary Mortgage Market Survey (PMMS) showed the average 30-year fixed mortgage rate increasing from an average of 3.78 percent to 3.83 percent. This is the first time rates have increased in seven weeks, disrupting the steady decline that began after rates topped 4 percent in July. GET TODAY’S RATES IN YOUR AREA Context is important ...
3 minutes read
With the rise of mortgage rates comes a higher volume of mortgage applications, latest weekly surveys made separately by Freddie Mac and the Mortgage Bankers Association confirmed. On the mortgage rate side, the 30-year fixed mortgage rate increased for the first time this 2017. Meanwhile, mortgage applications are at their highest level since June. Interested in buying a home this year?» FREDDIE MAC’S...
3 minutes read
Multiple closely watched mortgage rates moved higher today. The average rates on 30-year fixed and 15-year fixed mortgages both increased. The average rate on 5/1 adjustable-rate mortgages, or ARMs, the most popular type of variable rate mortgage, also climbed higher. Rates for mortgages are in a constant state of flux, but they remain low by historical standards. If you’re in the market for a mortgage, it co...
4 minutes read
Lenders base your interest rate on the riskiness of your loan. Once a lender decides how likely you are to default on your loan, they determine your interest rate. They look at factors such as your credit score, debt-to-income ratio, and type of income. One more factor they consider, though, is the type of home. If it’s not owner-occupied and is an investment, it adds another layer of riskiness for the lender...
3 minutes read
As you shop for a mortgage, you are probably receiving rate quotes from different lenders. You may think that the rate they give you is what you get. Did you know, though, that you could negotiate that rate? Lenders have some wiggle room in the rates they offer you. If you have it in you, it’s possible to negotiate until you reach an agreement. Get Matched with a Lender, Click Here. If you aren’t sure how t...