While we saw some mortgage rate relief over the past few months, thanks to some encouraging economic reports, they are going up again. You can thank the latest Consumer Price Index (CPI), which came in higher than expected. The graph above compares Freddie Mac’s 30-Year Fixed Rate Mortga...
Mortgages allow consumers to purchase properties and pay for them over time. Each payment you make represents a combination of interest and principal repayment. The amount of interest you'll pay depends on yourmortgage rate. Regardless, the majority of your mortgage payment pays a larger proportion...
Finally, there is good news for homebuyers who have long put off jumping into the housing market due to scarce housing stock and large monthly mortgage payments. Mortgage interest rates fell in mid-September after the Federal Reserve finally cut borrowing rates, which in turn helped tamp down mo...
When home mortgage interest rates reached their peak in 1980-81 at nearly 18%, the face of the housing industry underwent a radical change. Housing analysts agree that it could take many years, if not decades, to recover. “The economic factor causing a drop in the homeownership rate is ho...
"What the Fed is doing is trying to beat back inflation. And so, by raising rates, it's going to cost you more if you need a mortgage," she said. "It's going to cost you more if you need an auto loan. It's going to cost you more if you are carrying credit card debt." ...
According to Bankrate’s weekly national survey of large lenders, the averagemortgage interest rateon a 30-year loan was 7.04 percent as of Dec. 31. Existing-home sales in November rose annually by 4.8 percent, the strongest increase since mid-2021, the National Association of Realtors says....
Ohio Savings Going to Trial in Mortgage Rate DisputeA lawsuit alleging that Ohio Savings Bank charged hidden interest rates to mortgage customers...Bronstien, Barbara FAmerican Banker
At the beginning of May, the average 30-yearfixed rate mortgagehovered around 3.35 percent. Since that time, mortgage interest rate has been trending up. For six-weeks straight, the long-termmortgage ratehas climbed more than half a percentage point—hovering near 4 percent. ...
Banks in Beijing raise mortgage rates Eight banks have moved to raise mortgage rates in Beijing, beginning Monday, as the city steps up to crack down speculative buying, Securities Times reported. Tencent hires former Microsoft'er for new Seattle lab China's CC Land buys London skyscraper for ...
Well, you have to understand the mortgage market. 嗯,你必须了解抵押贷款市场。 What shaped the mortgage market? Well, you have to understand the thirty-year decline in interest rates that preceded it. 什么塑造了抵押贷款市场?嗯,你必须了解它之前的30年利率下降。