Category: Financing
Mortgage Rates Update: Mortgage Rates Eased For The Fifth Straight Week
The 30-year fixed mortgage rate retreated for the fifth consecutive week even as the Federal Reserve recently raised its key borrowing rate for the seventh time this year. Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed mortgage has dropped to 6.31 percent after falling every week for the past few... Read More
Down Payment Assistance Program That Benefits Homebuyers To Get A Home
Buying a home is a big financial decision for many people. However, many people find it difficult to buy a house even if they have a good job. In a recent Bankrate survey, potential buyers were asked to identify the biggest obstacles in their home-buying experience. Thirty-six percent of those surveyed indicated that saving for... Read More
Mortgage Rates Retreats For The First Time Since April
Mortgage rates fell for the second consecutive week, falling below 5% for the first time since April. In the past 12 months, we’ve seen mortgage rates trend upwards, rates went up as high as 5.91% in June. This time, we’re seeing mortgage rates drop for the second week in a row, falling below 5%, according to Freddie Mac. The... Read More
5 Things That Affect Your Credit Score
As we have seen how mortgage rates have increased dramatically in the last few months, home buyers on a tight budget have lost some of their buying power. Rising interest rates directly affect home buyers in many ways and it’s high time we also look deeper into how to at least alleviate the burden. Think... Read More
Mortgage Rates Hits 6%
As the heat continues to climb, we’re also seeing a lot of prices continuing to climb as well, gas, food, rent, etc. Today, we’re seeing how interest rates are just the latest to see spikes. The rise in mortgage rates is something that we’ve never seen before. The mortgage rate has been rising since the... Read More
Mortgage Rates Update: Rates Rise to a 12-Year High
Mortgage rates continued a steady rise this month, hitting their highest level last seen in more than a decade. The average rate on a 30-year mortgage is 5.11%, in the week ending April 21, up from 5% the week before, according to Freddie Mac. Mortgage rates were only averaging 2.97% during the same period last... Read More
Mortgage Rates Update: Rates Rise to Levels Last Seen in December 2019
For the first time since December 2019, mortgage rates have risen above 4 percent. The average rate on a 30-year mortgage is 4.01%, according to Bankrate.com. This is the highest mortgage rates have reached since the early days of the pandemic. If you are in the market looking to buy a home or looking to... Read More
Mortgage Rates Rising: What it Means For Home Buyers
The 30-year fixed mortgage rate is now at the highest level since April 2020. If you are in the market for a new home and have not locked in your mortgage rate, that home just got more expensive. According to Mortgage News Daily, the average rate on a 30-year mortgage hit 3.64% on January 17th.... Read More
Things To Know Before You Make A Big Purchase While Buying A Home
When you officially applied for a mortgage, you’ll have to be cautious about your spending more than ever until you close on the home. People think that once they are in the clear on a credit check or when they receive a commitment letter or pre-approval, they are guaranteed a mortgage. That is not true.... Read More
Mortgage Rates Drop Below 3% Spuring Home Buying and Refinancing
With mortgage rates falling below 3 percent for the first time in a half-century last week, thanks to Federal Reserve Policy, more first time home buyers and homeowners are likely to take advantage of the low-interest rates. The average rate on 30-year fixed mortgages has fallen below 3 percent for the first time according to... Read More
