Mortgage Rates End Week Slightly Higher
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Mortgage rates tend to fluctuate day by day. So if you’re planning to buy a home, it’s a good idea to keep a close watch on interest rates and weigh various mortgage options. One common type of mortgage is a conventional loan with a 15-year fixed interest rate.
Mortgage rates have dropped for five weeks in a row. But will they continue to do so this July? Here's what to consider.
The average rate on 30-year fixed home loans from Freddie Mac decreased again to 6.77% for the week ending June 26.
It's a bit of a stretch to refer to the past week as a "losing streak" for mortgage rates. The worst part about it was the consistency of upward movement starting last Wednesday. In terms of the
Housing Market Trends: Supply and demand dynamics in the housing market can also influence mortgage rates. In a competitive housing market with high demand, mortgage rates may rise, while rates ...
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased to 6.77% from 6.79%, with points holding steady at 0.62, including the origination fee, for loans with a 20% down payment. That was the lowest level in three months.
Help from the Fed is unlikely to arrive this month as 95% of interest rate traders say the federal funds rate will remain unchanged in July.
Bad news first: mortgage rates have been moving steadily higher in July with the average top tier 30yr fixed scenario rising from 6.67% to 6.81% in just 4 business days. This isn't an incredibly abrupt move,
US long-term mortgage rates experienced a slight increase this week, reversing a five-week trend of declining borrowing costs, with the 30-year fixed
With the average savings account paying 0.38%, according to the Federal Deposit Insurance Corporation (FDIC), it might feel a little bleak for savers. However, high-yield savings accounts still offer a way to get a little more yield.