WASHINGTON (AP) — Interest rates on long-term home loans rose this week to the highest level in months. Mortgage giant Freddie Mac said Thursday that the rate on 30-year, fixed-rate mortgages rose to 4.04 percent this week, highest since May and up from 3.99 percent last week. The...
Long-Term Mortgage Rates Follow Drop in Treasury NotesNEW YORK -- Rates on 30-year fixed-rate mortgages fell in the past week, following a recent drop in benchmark Treasury yields.Beth Williams Bloomberg News
WASHINGTON (AP) — U.S. average rates on long-term mortgages changed little this week as they hover at historically low levels.
“The 30-year mortgage rates are tied to the 10-year Treasury bonds, and long-term Treasury bonds have been increasing. Therefore, residential loan rates haven’t been falling as much as people have expected,” says Calixto Garcia-Velez, president and CEO at BanescoUSA in Miami. ...
According to the Freddie Mac Primary Mortgage Survey, long-term mortgage rates crossed the 7% mark for the first time this year. Read more here.
LOS ANGELES (AP) — The average long-term U.S. mortgage rate rose this week for the second week in a row, another setback for homebuyers facing a housing market that remains unaffordable for many Americans after years of soaring home prices.
With rate-and-term refinancing, you can switch to a shorter repayment period, like a 15-year mortgage. Doing so can help you pay off your mortgage faster and save money in the long run, since you'll be making fewer interest payments to the lender. Because 15-year rates run lower than...
QUESTION: Recently you told a reader it is smart to get the biggest long-term mortgage available. You prefer 30-year mortgages over 15-year loans. But it seems to me a large down payment with a small mortgage for 15 years is better because of the interest cost saving. Why are you push...
Until the Fed begins lowering its short-term rate, long-term home loans are unlikely to budge significantly from where they are now. Still, mortgage rates could generally ease in coming weeks if bond yields continue declining in anticipation of a Fed rate cut. “Although volatile, we ...
As the yield on 10-year Treasurys continues to slowly fall so will long-term mortgage rates. Next week, expect mortgage rates to decline slightly. Jeff Lazerson President,MortgageGrader Down. Rates have peaked. Greg McBride, CFA Chief Financial Analyst,Bankrate, North Palm Beach, FL ...