APR vs. interest rate for mortgages: Which matters more?
APR vs. interest rate: Both numbers are important for comparing mortgages. But which one matters more? That depends on your home buying goals.
APR vs. interest rate: Both numbers are important for comparing mortgages. But which one matters more? That depends on your home buying goals.
Mortgage rates have been extremely stable given their proximity to all-time lows. Past precedent suggests one of two things when rates set records: a slow grind lower with additional periodic records or a rather abrupt bounce back in the other direction. The 2nd half of 2020 was definitely characterized by the aforementioned slow grind with at least 20 separate days resulting in record low rates by December 21st. Since then, rates have gone no lower, but apart from a brief stint in early January, they really haven’t gone appreciably higher either. This is made all the more impressive by the fact that the broader bond market is indeed telling mortgage rates to rise. Specifically, 10yr Treasury yields–a perennial travel companion for 30yr fixed mortgage rates–have been rising consistently since
A partnership of more than 350 housing and civil rights organizations reached out on Monday to congressional leaders advocating for further relief for homeowners in the next COVID-19 stimulus package.
The post Housing, civil rights groups ask Congress for $25B appeared first on HousingWire.
Buyers who aren’t paying cash for a house aren’t necessarily out of luck. Here’s how you can gain an edge over cash buyers.
Posted To: MND NewsWire
Borrowers looking to refinance were quick to take advantage of a slight drop in interest rates last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, jumped 8.1 percent on a seasonally adjusted basis during the week ended January 29, and was up 10 percent on an unadjusted basis. The index had declined in each of the two previous weeks. The Refinance Index increased 11 percent from the previous week, also reversing two weeks of losses, and was 60 percent higher than the same week one year ago. The refinance share of mortgage activity increased to 71.4 percent of total applications from 70.7 percent the previous week. The seasonally adjusted Purchase Index ticked up 0.1 percent and was 8 percent higher on an unadjusted…(read more)
Everything you need to know about buying a home – on one index card.
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Mortgage Outlook: A Slight Uphill Climb for February Rates Opelika Auburn News
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