Mortgage and refinance rates today, February 26, 2021
Today’s mortgage and refinance rates Average mortgage rates soared yesterday, rising by a greater amount than we’ve seen in a long time. Of course, they’re still very low in a […]
Economy
Brutal Week For Rates But There’s Hope (Hopefully)
Rising rates have been on the menu for months, but the drama kicked into a higher gear this week. Maybe you heard about this? We’ve certainly been discussing it in recent newsletters ( especially last week’s ). The rising rate narrative hit the mainstream this week as it was widely credited for doing damage to the stock market. Perhaps you even caught one of Thursday’s many mortgage rate headlines citing the spike in Freddie Mac’s weekly mortgage rate survey. Freddie reported a jump in 30yr fixed rates from 2.81 to 2.97, their biggest in nearly a year. Unfortunately, Freddie was low last week and they’re WAY low this week. This is a common problem when things are this volatile. Although their survey is published on Thursdays, most of the responses are in by Monday. As such, their numbers didn
US mortgage rates reach six-month high
US mortgage rates rose for the second consecutive week, hitting a six-month high, according to Freddie Mac. Freddie Mac chief economist Sam Khater said that this week’s uptick in mortgage rates is a result of growing optimism about the economy’s recovery from the pandemic. The average rates for a 30-year fixed mortgage climbed 16 basis … [Read more…]
Should You Stop Paying Your Student Loans in Forbearance?
The possibility of student loan forgiveness is on the horizon, so should you stop making payments on your own loans? That depends, but letâs take a look at where we stand so far: On the campaign trail, then-candidate Joe Biden promised to wipe out at least $10,000 for student loan borrowers. Now that heâs president, [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Dumpling Shopper: Launch Your Own Grocery Delivery Business
Grocery delivery startup Dumpling is taking on Instacart and Shipt â and the whole gig economy â by offering grocery delivery drivers an entirely new moneymaking model. Thanks to a surge in demand as a result of the pandemic, grocery delivery apps are more popular than ever. Since last March, Instacart and Shipt have hired [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Mortgage and refinance rates today, February 25, 2021
Today’s mortgage and refinance rates Average mortgage rates nudged higher yet again yesterday. Of course, these rates remain exceptionally low by historical standards and are at dream levels for most. […]
Pending Home Sales Post 5th Straight Loss
Posted To: MND NewsWire
January marked the fifth straight month that the National Association of Realtors® (NAR) has reported a decline in its Pending Home Sales Index (PHSI). The index, based on newly signed contracts for the purchase of existing homes, was down 2.8 percent from its December level. The index in January was at 122.8 compared to 125.5 in December and has lost 10 points since August. Still, pending sales were up 13 percent compared to a year earlier. This January’s PHSI was, in fact, the highest for any January on record. Analysts had expected the index to be flat but individual estimates by those polled by Econoday all overshot the actual results. They covered a range from a 1.5 percent downturn to 0.5 percent growth. The consensus was for zero change. “Pending home sales fell in January because…(read more)
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How will a surge in bond yields affect your mortgage, car loans and 401(k)? – USA TODAY
How will a surge in bond yields affect your mortgage, car loans and 401(k)? USA TODAY
Stock Market Today: Stocks Tank as Interest-Rate Fears Persist
The 10-year Treasury yield cleared 1.5% today for the first time in a year, sparking a broad, deep selloff across the stock market.
Mortgage and refinance rates today, February 24, 2021
Today’s mortgage and refinance rates Average mortgage rates rose yet again yesterday. But it was the smallest increase for a couple of weeks. Is that any consolation? Unfortunately, mortgage rates […]