Hi, MarketWatchers. Don’t miss these top stories: Personal Finance Thinking about moving to a state with lower taxes? These are the mistakes to avoid Some states are great to live in, but not so great to die in. 32 states have been approved to offer $ 300 extra in unemployment …
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Interest rates declined for the sixth consecutive month to 3.40% in June, according to the latest Ellie Mae Insight Report. Rates for 30-year fixed-rate conventional loans and FHA loans dropped to 3.40%, and rates on VA loans dropped to 3.20%. New purchase loans now make up 42% of all closed …
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Mortgage rates have dropped to record lows on eight separate occasions in 2020 so far, as the coronavirus pandemic has roiled the global economy. But could they eventually drop to 0%? Well, if past precedent is any indication, there’s indeed a chance. Freddie Mac FMCC, +0.70% deputy chief economist Len …
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[embedded content] The housing industry was dealt a big change this week as the Federal Housing Finance Authority decided to raise prices on refinance loans sold to Fannie Mae and Freddie Mac. The group announced the institution of an Adverse Market Refinance Fee. The fee is a 50 basis point …
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The main headline in housing is yet another week of historically low mortgage rates. However, the extremely low rates are starting to have an adverse effect on purchasing power. This week, and for the eighth time this year, Freddie Mac’s 30-year fixed-rate mortgage average hit an all-time low. The latest …
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Thinking about buying a home? You’ll need to narrow down the neighborhood, the size and style of the space, the price and the down payment. You’ll also want to consider mortgage interest rates, which play a big role in whether or not the time is right to buy a house …
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It finally happened. This week Freddie Mac reported a 30-year fixed-rate mortgage average below 3%. That puts the average for consumers (remember, your rate will vary based on a variety of conditions) at 2.98%. As you would expect, mortgage volume has gone up over the last week. The Mortgage Bankers …
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The average New Yorker is now getting their COVID-19 test results back in three days, Mayor Bill de Blasio said on Wednesday, as the city works against a national “logjam” in diagnostic testing. This week, test result time has started to “rapidly” decrease in New York City, de Blasio said, …
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Historically low-interest rates went even lower this week. The 30-year fixed-rate mortgage average from Freddie Mac went down to 3.03%. Remember, that is an average, which means there are plenty of buyers or refinancers getting rates under 3%. Low rates are helping spur a spike in purchases. The weekly index …
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