National average rates for lines of credit and second mortgage home equity loans are near 7%, their lowest point since late 2022. Over the years, the value of your home has increased. You can now access that capital at very favorable interest rates. According to real estate analysis firm Curinos, the average HELOC rate is…
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…
Find out which banks offer the best CD rates right now. If you’re looking for a safe place to keep your savings, a certificate of deposit (CD) can be a great option. These accounts typically offer higher interest rates than traditional checking and savings accounts. However, CD rates can vary widely. Learn more about the…
Using a personal loan to pay off credit card debt could be a smart move if you can get a lower rate or if you’re juggling multiple credit card payments. Paying off credit card debt with a personal loan may not be right for you if you are overwhelmed by debt Before using a personal…
Find out which banks offer the best MMA rates right now. As interest rates begin to fall following the Federal Reserve’s recent rate cuts, it’s more important than ever to make sure you’re getting a competitive rate on your savings. One option you may want to consider is a money market account (MMA). These accounts…
A certificate of deposit (CD) can be a valuable tool for diligent savers. CDs allow you to earn higher interest rates than you would with a traditional savings account, and your returns are guaranteed at a fixed rate for the entire term of your CD. The problem is that you can’t touch your money until…
If you’re looking to boost your savings, a high-yield savings account could give you an above-average return to help your balance grow faster. However, not all banks offer high interest rates on savings accounts, so it’s important to shop around and find the most competitive savings interest rates available. Read on to learn more about…
Mortgage rates are about to drop even further as the 10-year Treasury bond has fallen nearly 2% over the past week. Stock market jitters are pushing investors into bonds, and as prices rise, yields fall. Zillow, which typically reports lower rates than Freddie Mac, reports the 30-year fixed rate in 5.79% – the lowest in…
Find out which banks offer the best rates for money market accounts right now. As interest rates continue to fall following the Federal Reserve’s recent rate cuts, it’s more important than ever to make sure you’re getting a competitive rate on your savings. One option you may want to consider is a money market account…
Mortgage rates surprise industry watchers with a long period of no volatility. According to Zillow, the average 30-year fixed rate is 5.85%. The current 15-year fixed rate is 5.36%. These rates are the lowest we have reported in years. However, these are national averages based on Zillow’s lender marketplace, so shop around a few lenders…
