rates

Mortgage interest rates can change daily, and even multiple times per day. Do you ever wonder why this is the case? Maybe you wonder how you should know when to lock a rate? Get Matched with a Lender, Click Here. Keep reading to learn about changing interest rates and how they may affect you. THE ECONOMY PLAYS A ROLE The economy plays a large role in interest rates at any given time. When the economy is doing w...

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 ...

“For the first time since January 2017, the default rates for autos, bank cards and mortgages all rose together,” said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jow Indices, which together with Experian released their consumer credit default report for October. The default rates on first and second mortgages, bank cards, and auto loans rose last October, accordi...

Mortgage interest rates change often. They change due to a large variety of factors including the supply and demand of homes and the state of the Federal Reserve. But do those fluctuating interest rates affect the housing market? Looking for Current Mortgage Interest Rates? Click Here. They do – they have a very large impact. HIGHER RATES MEANS A SLOWER MARKET Most buyers need financing to buy a home. In ...

Brexit has played a major role in lowering mortgage rates, which is expected to boost U.S. housing activity particularly refinancing, Freddie Mac said in an outlook for the month of July. On July 12, the government-sponsored enterprise released its monthly outlook, outlining international concerns like Brexit and China’s slowing growth and their role in driving down mortgage rates. “With the U.K.’s...

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...

If you are buying or refinancing, now might be the perfect timing to lock in on your rate. According to the latest Primary Mortgage Market Survey(PMMS) Report from Freddie Mac, average mortgage rates just hit the year’s lowest as 30-year FRM fell by 7 basis points to 3.95 percent this week. Mortgage rates decreased by more than a quarter of a percentage point since the beginning of 2017. For the past months, ...

A study published in July revealed that default rates on reverse mortgages insured by the Federal Housing Administration could be reduced by as much as 50% in light of the agency’s recent rules changes. This development comes as the FHA wishes to codify those changes and more in a proposed rule “intended to make certain FHA-insured reverse mortgages remain a viable and sustainable resource for senior home...

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...

No one likes to hear that interest rates are going up. In most people’s minds, this means higher mortgage payments or a declined mortgage application. While it’s true that rising interest rates have an effect on your mortgage affordability, it’s not the only factor. A lower rate doesn’t necessarily mean it will be easy to afford your loan. In fact, 1/4th or even ½ of a point doesn’t make a huge diff...