Mortgage demand drops further, even as interest rates settle
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) remained unchanged at 7.02%, with points increasing to 0.63 from 0.62 (including the origination fee) for loans with a 20% down payment.
Rates on 30-year refinance loans dropped another 2 basis points Thursday. That's now a four-day decline of 12 basis points, which has reduced the average to 7.01%—the cheapest level for 30-year refi ...
These are today's mortgage and refinance rates. Mortgage rates are likely to remain elevated until inflation comes down further.
The benefits of both have shifted in today's interest rate climate. Here's what potential borrowers should know now.
The mortgage rate drop provides little relief for prospective shoppers looking ahead to the spring homebuying season.
The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little ...
It's important to understand that the Fed's decision to pause rate cuts will not directly impact mortgage rates. Mortgage ...
Fairway Independent Mortgage ranked well above average on J.D. Power's 2024 Mortgage Origination Satisfaction Study and has ...
A cash-out refinance lets you borrow against your home's equity by replacing your current mortgage with a bigger one, giving ...
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