The average rate on a 30-year fixed mortgage reached 7.04% for the week ending January 16 — the highest level since May.
Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting ...
Global economic conditions and geopolitical events can also influence mortgage rates through their impact on the bond market.
Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices ...
Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants ...
The states that saw the most substantial mortgage costs were as follows: Hawaii, California, Utah, Oregon, Idaho, Washington, Colorado, Nevada, Massachusetts and Arizona.
One of the main reasons homeowners choose an ARM is to benefit from lower initial interest rates during the first few years.
To qualify for the lowest interest rate possible, you’ll want it to be as strong as possible. A 10-year mortgage is a home loan that lets you repay your lender over just 10 years. It could be a ...