Mortgage and refinance rates today, January 21, 2021
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. It was a small drop but it inches them further toward the all-time low, though there’s still a way […]
FinancialWize
Refinancing just got more expensive, thanks to this new fee
A new fee will be added to conventional mortgage refinances on September 1. Will this mean higher refinance rates? For some, it’s likely.
Mortgage Rates Almost Back to Early January Levels
Mortgage rates made more progress today, but only after some drama in the morning. The bond market started the day in weaker territory and many mortgage lenders were offering higher rates as a result. As the day progressed, bonds improved and lenders adjusted their offerings accordingly. By the afternoon, the average lender was in better territory than yesterday. The improvement is the latest in a string of slow, steady gains for the mortgage market. While the average lender is not yet quite back to the super low territory from early January, many are as close as they’ve been since the January 6th rate spike following the Georgia senate election. Top tier purchase rates for conventional 30yr fixed loans are in the 2.5 to 2.75 neighborhood while top tier no-cash-out refis are about an eighth
Construction Surges to Highest Levels in 15 Years
Posted To: MND NewsWire
Residential construction finished out 2020 much more strongly than analysts had expected. The U.S. Census Bureau and Department of Housing and Urban Development reported significant increases in both residential permitting and housing starts in December , the second month in a row those numbers have grown. The numbers, however, took a hit in the Northeast. Permits for privately funded construction were issued at a seasonally adjusted annual rate of 1,709,000 units, an increase of 4.5 percent from the revised (from 1,639,000 units) rate of 1,635,000 in November. The pace of permitting in December was 17.3 percent higher than the 1,437,000 units estimated a year earlier. Econoday and Trading Economics had reported low expectations for December permits on the part of their analysts. The consensus…(read more)
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Mortgage rates drop even lower to new record of 2.65%
The average U.S. mortgage rate for a 30-year fixed loan fell two basis points this week to 2.65% â the lowest rate in the surveyâs near 50-year history.
The post Mortgage rates drop even lower to new record of 2.65% appeared first on HousingWire.
Upsizing: The Hottest New Housing Trend You’ve Probably Never Heard Of
Downsizing? That’s so 2016. Housing trends indicate a move toward bigger, not tinier, homes, and many Americans are grappling with more space than they need.
Current Mortgage Rates for January 19th, 2021 : Rate lowers for common 30-year term – Bankrate.com
Current Mortgage Rates for January 19th, 2021 : Rate lowers for common 30-year term Bankrate.com
2020 home sales hit highest level since 2006
Existing-home sales rose in December, and total home sales in 2020 reached the highest level in 13 years, according to NAR. In all, 5.64 million homes were sold in 2020, up 5.6% from 2019 and the most since before the Great Recession.
The post 2020 home sales hit highest level since 2006 appeared first on HousingWire.
Should You Get an FHA or Conventional Loan?
A Federal Housing Administration (FHA) loan or FHA loan is insured by the federal government. First-time home buyers and those with lower credit scores and lower down payments are more likely to qualify for an FHA loan. A conventional loan isnât insured by the government. Itâs instead backed by a private mortgage lender and the… Read More
The post Should You Get an FHA or Conventional Loan? appeared first on Credit.com.
Alaska First-Time Homebuyer Programs
The Alaska Housing Finance Corporation (AHFC) offers low-interest mortgage loans, and down payment and closing cost assistance to first-time home buyers and repeat buyers. This article takes a look at the requirements and provides links to the homebuyer program page for every city in Alaska. Get Pre-Approved for a Mortgage and Check Rates If you […]
The post Alaska First-Time Homebuyer Programs appeared first on The Lenders Network.