The average mortgage rate for a 30-year fixed loan fell two basis points last week to 2.77%, according to Freddie Macâs Primary Mortgage Market Survey.
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Mortgage match-ups: “Mortgage rates vs. the stock market.” With all the recent stock market volatility, you may be wondering what effect such events have on mortgage rates. Do mortgage rates go up if stocks go down and vice versa? Or do they move in relative lockstep? Let’s find out! Stocks and Mortgage Rates Follow the [&hellip
The post Mortgage Rates vs. the Stock Market first appeared on The Truth About Mortgage.
With mortgage rates at or near record lows, a lot of existing homeowners are probably asking themselves, âIs refinancing worth it?â The problem is thereâs no absolute right or wrong answer to this question, though with interest rates a lot lower than they were a year or two ago, the answer to this question will [&hellip
The post Is Refinancing Worth It? first appeared on The Truth About Mortgage.
We saw mortgage rates dip a little lower on Friday after trouble in Turkey led financial market participants to seek out the perceived safety of long-term government bonds. Mortgage rates are expected to stay close to current levels this week, but we could see some movement after a few key economic reports get released. Read… View Article
Mortgage rates moved up last week, and it looks like they’ll keep rising in 2021. But how high will rates go? Should you try to lock in now?
Mortgage applications jumped 16.7% after a 4.2% drop last week, according to the Mortgage Bankers Association. The jump underlines the seasonality behind last week’s decrease, as well as the expectation of additional fiscal stimulus from the incoming administration.
The post New-year optimism reflected in mortgage applications jump appeared first on HousingWire.
Mortgage rates can be pretty volatile. Just like stocks, they can change daily depending on whatâs happening in the economy. Beyond that, mortgage rates can move based on news that doesnât involve a report on the economic calendar, such as a jobs report, GDP, housing starts, inflation, etc. Even if there isnât a direct financial [&hellip
The post Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows first appeared on The Truth About Mortgage.
Mortgage rate Q&A: âWhy are mortgage rates different?â Why is the sky blue? Why are clouds white? Why won’t your neighbor trim their tree branches? These are all good questions, and ones that often puzzle even the most savvy of human beings. First things first, take a look at how mortgage rates are determined to [&hellip
The post Why Are Mortgage Rates Different? first appeared on The Truth About Mortgage.
Mortgage rates are continuing to move higher this week. We’ve now seen them rise for two consecutive weeks in the Freddie Mac PMMS. The consensus is for them to continue rising for the foreseeable future. Read on for more details. Where are mortgage rates going?           … View Article
Editor’s note: This article was originally published on June 10, 2020, and updated on July 28, 2020, with the latest Fed forecasts Don’t wait on the Fed for lower mortgage […]