Tag Archives: rates

When it comes to your mortgage, as little as a half of a percentage point can save you tens of thousands of dollars over the life of a loan. So getting the absolute lowest interest rate when you refinance is critical. These tips show you exactly what you need to …

For 17-straight weeks, the 30-year fixed-rate mortgage interest rate has averaged below 3%. This week the Freddie Mac 30-year fixed-rate mortgage average dipped to another historic low, the thirteenth this year, hitting 2.72%. Freddie Mac’s Chief Economist Sam Khater cited weak consumer spending as the reason for the decline.  Historically …

Mortgage interest rates remain well below 3%, with Freddie Mac’s latest 30-year fixed-rate mortgage average coming in at 2.84%. While that’s an increase from a week ago, it’s still far below the 3.75% we saw last year at this time. Freddie Mac’s Chief Economist Sam Khater notes that rates increased …

AP Photo/Steven Senne When the coronavirus pandemic gutted the strongest U.S. economy, many assumed another recession would bring rock-bottom home prices along with it. Instead, home prices defied logical assumptions — and soared to new heights. Paradoxically enough, one of the biggest drivers of the double-digit price hikes is the …

Mortgage interest rates have once again hit a historic low. This week’s Freddie Mac average for a 30-year fixed-rate mortgage dipped to 2.81%. This time in 2019, the average rate was 3.69%. In 2018? We saw an average of 4.85%. Despite the historically low rates, mortgage applications went down this …

The Federal Reserve doubled-down on its new inflation policy this week with the announcement that rates likely won’t go above 0.25% until at least 2023. All but four individual members of the Federal Open Market Committee projected rates would stay in the 0%-0.25% range until that time, with Fed Chair …

When you think of a traditional mortgage, a conventional loan is probably what comes to mind. Conventional loans are the most popular type of mortgage loan used to purchase a home. In this article, we will cover conventional loan requirements, loan limits, rates, and see how they compare to government …

Millions more Americans could save money through a refinance as mortgage rates hit another historic low. The 30-year fixed-rate mortgage average hit 2.86% this week, according to Freddie Mac. Just one year ago, rates were considered low at 3.56%. Data analytics company Black Knight says that drop means more than …

Mortgage rates remain historically low as we enter September. The latest numbers from Freddie Mac show that the average for a 30-year fixed-rate mortgage is standing at 2.93%, relatively unchanged from last week. Freddie Mac economists noted this week that as the yield on the benchmark 10-year Treasury note increases, …