Fed Issues First Rate Hike Since 2023
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Mortgage rates near 7% as the Fed weighs its next move. Learn why rates are high and how comparing lenders could help you get a lower mortgage rate.
The mortgage lenders with the best rates hover between 6% and 7% this week, including PenFed, Better, and Navy Fed. Learn more about lenders with the lowest mortgage rates.
The average interest rate on a 30-year fixed refinance increased to 7.10% over the last week, according to the Mortgage Research Center. Today’s average rate on a 15-year mortgage refinance is 6.23%.
Amber Barkley is a writer and editor with over 10 years of experience in topics ranging from personal finance to marketing analytics to fiction. She found her niche in personal finance in 2022, when she joined GOBankingRates as an editor, providing p..
ARMs are drawing fresh interest as fixed mortgage rates stay high, but borrowers need to understand how much payments could rise once the initial rate expires.
VA loans — mortgages backed by the U.S. Department of Veterans Affairs — are designed to help veterans and active service members become homeowners. These loans require no dow