Written by Holden Lewis Senior Writer/Spokesperson Edited by Johanna Arnone Assigning Editor Mortgage rates today: Friday, January 10, 2025 On Friday, Jan. 10, 2025, the average interest rate on a 30-year fixed-rate mortgage rose six basis points to 6.992% APR. The average rate on ...
April Mortgage Rates Will Be Stuck in Neutral as Inflation Idles By Holden Lewis Published Apr 1, 2024 5:00 a.m. PDT Edited by Mary Makarushka Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluatio...
With very high interest rates, there’s is little difference between monthly interest-only or repayment payments. Either way most of your initial payments go on interest. Today’s very low rate environment makes the interest-only option appear attractive when you’re only looking at monthly paymen...
Japan seeks to resurrect junk bond market; Tokyo hopes to cut corporate dependence on bank lending as private equity steps up interest in dealmaking David Keohane and Leo Lewis – Financial Times Japan is making its biggest push in years to jolt its moribund junk bond market into life in an...
Mortgage interest rates this month NerdWallet home and mortgages expert Holden Lewis writes a monthly column covering the near-term forecast for mortgage rates. Back to top Annual home buyer report Every winter, NerdWallet collaborates with The Harris Poll to survey U.S. adults 18 years and olde...
Interest rates on adjustable-rate mortgages can go up over time. Fixed-rate loans stay the same. Refinancing from an ARM to a fixed-rate loan provides financial stability when you prefer steady payments. » MORE: When is the best time to refinance? Mortgage loans from our partners Best Mor...
Lenders adjust mortgage rates depending on how risky they judge the loan to be. A riskier loan has a higher interest rate. When judging risk, the lender considers how likely you are to fall behind on payments (or stop making payments altogether), and how much money the lender could lose ...
by Holden Lewis, Abby Badach Doyle It’s OK to have a learning curve. Here are some common errors and how to steer clear of them. Read more Get more smart money moves – straight to your inbox Sign up and we’ll send you Nerdy articles about the money topics that matter most to yo...