How low can we go? 30-year mortgage rate charts tell the story
30-year mortgage rates chart with average 30-year rates since 1972. Rates have been dropping, but can they go lower still? Find out here.
Mortgage Rates
How mortgage rates move when the Federal Reserve meets
The Fed adjourns from a 2-day meeting Wednesday. The group doesn’t set mortgage rates but it can influence them. How this week’s meeting could affect your refinance and purchase mortgage rate.
Mortgage Rates DipâHereâs Why You Shouldnât Bet on Interest Rates Going Much Lower
Economists still expect mortgage rates to rise as the economy improves amid the countryâs recovery from the coronavirus pandemic.
The post Mortgage Rates DipâHereâs Why You Shouldnât Bet on Interest Rates Going Much Lower appeared first on Real Estate News & Insights | realtor.com®.
Potential impacts of Biden’s $15,000 tax credit
The $15,000 tax break would jumpstart a first-time homebuyer’s prospects of purchasing. The tax credit – along with Biden’s other economic goals outlined in his $1.9 trillion American Rescue Plan – seems more of a possibility now that both Senate races in Georgia went to Democratic challengers.
The post Potential impacts of Biden’s $15,000 tax credit appeared first on HousingWire.
Rising mortgage rates push applications lower
Mortgage applications decreased for the second week in a row – this time, down 4.1% for the week ending Jan. 22. The 30-year-fixed rate rose to 2.95%, its highest level since November 2020
The post Rising mortgage rates push applications lower appeared first on HousingWire.
When Are Mortgage Rates Lowest?
We’re all looking for an angle, especially if itâll save us some money. Whether itâs a stock market trend, a home price trend, or a mortgage rate trend, someone always claims to have unlocked the code. Unfortunately, itâs usually all nonsense, or predicated on the belief that what happened in the past will occur again [&hellip
The post When Are Mortgage Rates Lowest? first appeared on The Truth About Mortgage.
Understanding the seasonal patterns of mortgage rates
Much like the changing of the calendar, buying and selling homes follows a seasonality that that those in mortgage and real estate have grown accustomed to. But a recent study from tech startup Haus found that mortgage rates can also be seasonal, and borrowers can benefit from understanding that rhythm.
The post Understanding the seasonal patterns of mortgage rates appeared first on HousingWire.
Mortgage mayhem: Lenders pull gov’t loans, refuse to lock, and raise credit score minimums
Falling mortgage rates might not help borrowers this time . Lenders are pulling loan programs, refusing to lock rates, and raising credit score minimums.
Mortgage Rates Down Only Slightly Despite Bond Market Rally
Posted To: Mortgage Rate Watch
What’s a bond market rally and why should mortgage rates care? There are all kinds of bonds. US Treasuries would be the quintessential example, but there are also bonds specific to the mortgage market. These are what groups of loans ultimately become in order to be traded on the open market (thus allowing lenders to make more loans with less risk and lower rates). As investors buy and sell bonds throughout the day, bond prices change. The higher the price, the lower the implied interest rate. Simply put, if bonds are rallying, rates should be falling shortly thereafter. The 10yr Treasury yield is typically an excellent barometer for mortgage rate movement. 10yr Treasuries and mortgage-backed bonds tend to correlate extremely well. As such, we might expect a more significant improvement in mortgage…(read more)
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Zillow: Expect another record year for home sales
Zillow predicts 6.82 million existing home sales in 2021, the most recorded in a single calendar year since 2005 and a 21.1% increase from 2020.
The post Zillow: Expect another record year for home sales appeared first on HousingWire.