Mortgage market slows as interest rates rise on shortened holiday week, MBA survey says

Mortgage rates started to rise last week before falling once again. This uptick caused a slowdown in new mortgage applications, especially for mortgage refinances. (iStock) The mortgage market slowed down slightly over Memorial Day week, according to the Mortgage Bankers Association's latest weekly mortgage applications survey.  The survey measured mortgage applications for the week ending […]

Today's mortgage refinance rates open week holding firm at unprecedented lows | June 14, 2021

Check out the mortgage refinancing rates for June 14, 2021, which are unchanged from last Friday. (iStock) Based on data compiled by Credible, current mortgage refinance rates remained unchanged for the fourth day in a row, continuing a year-long trend of historic lows. 30-year fixed-rate refinance: 2.750%, Unchanging 20-year fixed-rate refinance: 2.625%, Unchanging 15-year fixed-rate […]

Today's mortgage rates: Most rates remain unchanged, 20-year fixed rises | June 8, 2021

Check out the mortgage rates for June 8, 2021, which are trending up from yesterday. (iStock) Based on data compiled by Credible, mortgage rates have risen since yesterday. 30-year fixed mortgage rates: 2.750%, Unchanging 20-year fixed mortgage rates: 2.750%, Up from 2.625%, +0.125 15-year fixed mortgage rates: 2.000%, Unchanging 10-year fixed mortgage rates: 2.000%, Unchanging […]

Mortgage applications fall with homes in short supply

Hot housing market ‘sustainable’ if cost of building capped: Industry expert National Association of Home Builders CEO Jerry Howard notes that the housing supply shortage is driving increased prices for homes and argues it would be ‘much less inflationary’ if supply increases to about six months of houses on the market.  Demand for mortgages took […]

Today's 30-year mortgage refinance rates mirror record-lows of purchase rates | May 24, 2021

Check out the mortgage refinancing rates for May 24, 2021, which are unchanged from last Friday. (iStock) Based on data compiled by Credible, current mortgage refinance rates have not changed compared to last Friday’s. 30-year fixed-rate refinance: 2.750%, Unchanging 20-year fixed-rate refinance: 2.750%, Unchanging 15-year fixed-rate refinance: 2.125%, Unchanging 10-year fixed-rate refinance: 2.125%, Unchanging Rates […]

Today's 15-year mortgage refinance rates hit an 87-day low | May 10, 2021

Check out the mortgage refinancing rates for May 10, 2021, which are down from last Friday. (iStock) Based on data compiled by Credible, current mortgage refinance rates are down compared to last Friday’s, with 15-year rates slipping to an 87-day low.  30-year fixed-rate refinance: 2.875%, Unchanging 20-year fixed-rate refinance: 2.750%, Unchanging 15-year fixed-rate refinance: 2.125%, […]

Today's mortgage rates fall: 15-year rates match 10-year rate lows | May 10, 2021

Check out the mortgage rates for May 10, 2021, which are trending down from last Friday. (iStock) Based on data compiled by Credible, mortgage rates have fallen since last Friday. 30-year fixed mortgage rates: 2.750%, Unchanging 20-year fixed mortgage rates: 2.625%, Unchanging 15-year fixed mortgage rates: 2.000%, Down from 2.125%, -0.125 10-year fixed mortgage rates: […]

How to choose between buying a starter home and a forever home

A starter home is one you’ll stay in for a few years; a forever home is one you’ll live in long-term. Even if you aren’t ready to settle down, a starter home is a good tool for building equity . A forever home is more expensive, but it’s a worthwhile purchase if you plan to live […]

Today's mortgage rates — 30-year rates fall to 18-day low | May 4, 2021

Check out the mortgage rates for May 4, 2021, which are trending down from yesterday. (iStock) Based on data compiled by Credible, mortgage rates have fallen since yesterday. 30-year fixed mortgage rates: 2.750%, Down from 2.875%, -0.125 20-year fixed mortgage rates: 2.625%, Unchanging 15-year fixed mortgage rates: 2.125%, Unchanging 10-year fixed mortgage rates: 2.000%, Unchanging […]