Rising tensions between the United States and Iran have raised concerns about inflation, driving up oil prices and mortgage rates. The 30-year fixed interest rate rose 11 basis points to 6.21%according to Zillow’s lender marketplace. The 15-year fixed loan increased one basis point to 5.63%, and the 20-year fixed loan increased from 6.08% to 6.14%….
This week, mortgage rates hit their lowest point since September 2022. According to Freddie Mac, the average 30-year fixed rate fell eight basis points to 6.01%. The 15-year fixed interest rate fell nine basis points to 5.35%. With rates falling, purchase and refinancing demand will grow. If you’re getting a new home loan soon, whether…
Mortgage rates fell a bit during the week. According to Freddie Mac, the average 30-year fixed rate fell two basis points to 6.09%. That’s just three basis points above the three-year low of 6.06%. The 15-year fixed interest rate fell six basis points to 5.44%. Discounts on new homes have surpassed the resale market “for…
National average mortgage and refinance delinquencies for the week remain just above one-year lows. According to Freddie Mac, the 30-year fixed mortgage rate for the week averaged 6.10%. A year ago it was 6.95%. The 15-year fixed rate had a weekly average of 5.49%. A year ago, it was 6.12%. Here are the current mortgage…
Current mortgage rates are significantly lower than rates last January. This time last year, the average 30-year fixed mortgage rate was above 7%, according to Freddie Mac. Now, the 30-year year-over-year rate has fallen 98 basis points to 6.06%. This is a good time to shop around for the mortgage lender that offers the best…
Mortgage rates continue to fall. According to Freddie Mac, the national average 30-year fixed mortgage rate fell eight basis points this week to 6.19% — 35 basis points less than a year ago. The 15-year rate has also dropped eight basis points to 5.44%more than a quarter of a point less than last October. “Mortgage…
Do you want to refinance your mortgage before the late 2025? Luckily, the end of the year could be an ideal time to refinance. During the coldest months, the owners can bend down, review their budgets for next year and try to block better offers. So, if you are looking at a mortgage refinancing before…
