Tag: 15yearmortgage
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Mortgage rates are back over 7%. Here’s how much that adds to mortgage payments.
[ad_1] The housing market is about to hit another speed bump, with mortgage rates rising above 7% for the third time this year. The 30-year fixed-rate mortgage rose from 6.95% on Monday to 7.01% on Tuesday afternoon, according to Mortgage News Daily. The 30-year rate was last above 7% in March, according to historical data.…
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Falling rates boost demand for mortgages
[ad_1] The numbers: Mortgage rates fell as the U.S. Federal Reserve signaled a potential pause in interest-rate hikes. Home buyers took advantage of the opportunity, boosting demand for mortgages. Mortgage applications rose 6.3% in the latest week as rates fell across the board. Demand for purchases and refinancing rose. That pushed the market composite… [ad_2]…
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Mortgage rates increase for the first time in over a month. Here’s why.
[ad_1] The numbers: U.S. mortgage rates rose for the first time in over a month in April, making homeownership more expensive for potential homeowners. The 30-year fixed-rate mortgage averaged 6.39% as of April 20, according to data released by Freddie Mac on Thursday. The 30-year rate rose after dropping for five straight weeks. It’s… [ad_2]…