It is widely expected that mortgage interest rates are about to undergo a major shake-up in the next two or three weeks. So what are the reasons for this and what might it mean for you? These changes will impact anyone with a current mortgage or anyone looking to take out a new mortga...
Many things in life are negotiable to some degree, and this includes mortgage interest rates. You can start by shopping around and comparing terms from different mortgage lenders. If you settle for the first mortgage rate you qualify with for one lender, you won’t know if you’re missing o...
Why are mortgage rates rising? Why is the market feeling pessimistic about the odds of a Fed rate cut? Rates are moving up due to jitters over the upcoming presidential election and the nature of U.S. economic data, Samir Dedhia, chief executive of New Jersey-based One...
Mortgage interest rates plunged in 2020 in response to a cut to the federal funds rate sparked by the pandemic. But they rose exponentially in the years that followed as inflation surged and the Federal Reserve issued a series of interest rate hikes aiming to keep it from rising further. ...
Mortgage interest rates plunged in 2020 in response to a cut to the federal funds rate sparked by the pandemic. But they rose exponentially in the years that followed as inflation surged and the Federal Reserve issued a series of interest rate hikes aiming to keep it from rising further. ...
What are three reasons why mortgage rates have been rising in 2018? Are rates expected to continue rising or level off? Why? What are two ways in which rising mortgage rates hurt the banking system? (a) What is the purpose of speculative demand for money? (b) What causes it t...
It can be helpful to pre-lock your mortgage rate if thedebt-to-income ratiois close to the maximum, so if there are any interest rate fluctuations, the DTI won’t be exceeded. It could also be a smart move if mortgage rates are rock-bottom and there is little expectation for rates to...
After flatlining the week before, mortgage demand rose last week, despite mortgage rates rising for the fourth straight week.
Why the bulk of mortgage payment goes toward interestBill Steele
A surge in interest rates means more homeowners are earning a higher risk-free return than the cost of their mortgage, e.g. 2.5% mortgage rate, 5.4% risk-free Treasury bond. As a result more existing homeowners are living for free or are lowering their housing costs. ...