Additionally, 10-year Treasury bonds, also known as Intermediate Term Bonds, and long-term fixed mortgages, which are packaged into mortgage-backed securities (MBS), compete for the same investors because they are fairly similar financial instruments. However, there’s one key difference. Treasuries...
Though interest rates have been trending upward for a year now, when rates decrease, so too does the interest on your ARM, and as a result, your monthly mortgage payment as well. In other words, the adjustable element of an ARM doesn’t mean the rate always goes up, though ARMs have ...
Closely monitoring mortgage rates and trends can help you identify the optimal time to refinance your home loan. If you’re a first-time home buyer or have an existing mortgage, pay attention to whether rates are trending upward or downward. When rates are on a downward trend, it may be ...
week to 2.88% for a 30-year fixed-rate mortgage, according to the latest survey from Freddie Mac. These low rates have relieved some tensions in the homebuying market; as competition heats up, prospective buyers have been forced into bidding wars and are offering well above asking price. ...
In an ideal situation, you want to get the lowest interest rate possible at the time with no fees. Just no that there's reallyno such thing as a no-cost mortgage or no-cost refinance. Everything is baked into the price. Believe it or not, mortgage rates have been trending down since...
Rates are trending slightly upward, but still down from highs in 2022. Emily ShermanJan. 16, 2025 Are You Getting a $1,400 IRS Check? Paying down debt, starting or supplementing an emergency fund and using a little for fun are great ways to manage the government stimulus check. Erica San...
Mortgage applications are trending down. While still slightly stronger than this time last year, the volume of buyers applying for mortgages is falling from its summer peak. Contrary to many predictions, the real estate market actually surged despite the pandemic and record high unemployment,...
While shorter-term bond yields have declined significantly since 2023, yields on longer-term bonds are trending higher as 2024 ends. Investors appear focused less on recent Federal Reserve (Fed) interest rate cuts, and more on continued solid economic data and inflation trends. Yields on the ...
“They’re going to up your rate because you can’t go anywhere else,” says Dan Eisner, founder and CEO of True North Mortgage. “That’s a real fear, especially with the rates much higher.” Is it really a big deal? Probably not, provided you’re in decent fiscal shape and/or ...
Maguire-Feltch explained there are multiple factors at play in setting home loan rates besides just how treasury yields are trending. "Mortgage rates are primarily determined by investor demand for mortgage bonds, which are influenced by the market's expectations for where inflation,...