No one likes to hear that interest rates are going up. In most people’s minds, this means higher mortgage payments or a declined mortgage application. While it’s true that rising interest rates have an effect on your mortgage affordability, it’s not the only factor. A lower rate doesn’t necessarily Read more
What Does Rising Interest Rates Mean for You?
In the years that followed the 2008 housing disaster which affected global economies in collective, millions of American homeowners and homebuyers have benefited from historic low mortgage interest rates.The Federal Reserve’s efforts to raise the economy became a major driver in keeping this Read more
Mortgage Rates Steady – For Now
After falling for two consecutive weeks, mortgage interest rates remain steady, in tune with the 10-year Treasury yield for the week ending August 3, 2017. The 30-year fixed-rate (FRM) average rose slightly by 1 basis point.The Report According to the latest Freddie Mac Primary Mortgage Read more
Rates Dipped Slightly Below 4 Percent Mark
After the 30-year fixed-rate mortgage cleared the 4 percent mark for the first time since May last week, the latest Freddie Mac Primary Mortgage Market Surveyreported another dip, with the 30-year FRM falling slightly just below 4 percent mark to 3.96 percent for the week ending July 20,2017. The Read more
PMMS: Rates Drop for Second Consecutive Week
For the second week straight, mortgage interest rates declined, according to the latest Freddie Mac Primary Mortgage Market Survey. The report has shown the 10-year Treasury yield rise by 5 basis points for the week ending July 27, 2017 while the 30-year fixed-rate mortgage dropped by 4 basis points Read more
