Mortgage Rates Hold at Highest Level Since May
After climbing to their most expensive level in more than seven months, 30-year mortgage rates held steady Tuesday. Rate movement was mixed for other loan types.
Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May
The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months.
Mortgage rates climb above 7%; what does that mean for housing market?
Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices have continued to climb despite slower sales volume, posting 17
US 30-year mortgage rate tops 7%, highest since May 2024
The interest rate for the most popular U.S. home loan rose last week to an eight-month high of 7.09%, extending an upward trend that's squeezing would-be homebuyers already facing rising house prices and limited supply.
The Income Needed in Each State To Afford a Starter Home at a 7% Mortgage Rate
Mortgage rates are quickly approaching 7% again, after rising each of the first two weeks in January. Nationally, it means the household income now required to afford the typical starter home is $70,164,
Average mortgage rate tops 7% for first time since May
The Fed is tapping the brakes on interest rate cuts because inflation remains stubbornly high. That's pushed mortgage rates higher.
4 reasons to get preapproved for a mortgage loan this January
M any Americans have been holding off on buying homes over the last few years due to the sharp increases in mortgage rates ...
30-Year Mortgage Rate Rises Above 7% for First Time Since May
The average rate on 30-year fixed-rate mortgages surpassed 7 percent for the first time since May, Freddie Mac reported on ...
What Is a Mortgage Loan Servicer?
A mortgage loan servicer is a company that takes care of tasks related to administering a home loan, such as sending ...
Loan officer: I’m seeing more homebuyers with $8K to $10K mortgage payments
This Washington, D.C., mortgage planner says he has seen the monthly payments of new clients double in just a few years. Want ...
What the new inflation report means for mortgage rates
Mortgage rates have experienced fluctuations over the last few months, with a general upward trend in recent weeks. As of ...
Pros and Cons of a Home Equity Loan
Homeowners may be able to easily access the equity in their homes, but these loans have higher interest rates and people risk losing their homes if they miss payments.
How to reduce mortgage loan interest rates?
Securing a mortgage loan is often one of the most significant financial decisions you will make, but the burden of high ...
Do you need an appraisal for a home equity loan?
It is possible to secure a home equity loan without an appraisal, although it may be more difficult to find. And in today's ...
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'Loan Officers Crave Leadership' From The C-Suite
More often than not, “happy accident” fairly characterizes the manner in which many mortgage professionals find themselves ...