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Lower mortgage rates may motivate more people to buy houses, but it will take a bigger drop in borrowing costs to create more ...
The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.
Current mortgage rates are down, but higher than they were seven days ago. Rates are lower than they were in early 2025, when ...
The market currently projects an interest rate cut in the fall, though two Fed officials floated the possibility of a rate ...
The numbers for June came in pretty much as economists had predicted — a moderate increase from last month. The rate of ...
We talked to three mortgage loan officers to get their takes on what could impact rates this fall. Below, we gathered what they had to say and what it could mean for your homebuying plans.
The stress test uses a qualifying rate that is typically higher than the mortgage contract rate. As of 2022, the qualifying stress test rate is the greater of the mortgage contract rate plus 2% or ...
As of 2022, U.S. homeowners ages 65 and over had a median $250,000 in home equity, according to the Joint Center for Housing ...
Interest rates are the highest they’ve been since before the Great Recession, but Las Vegas-based mortgage adviser Matt Hennessy said it’s important for people to understand specifically why ...
Instead, mortgage rates jumped higher. The latest data from Freddie Mac showed that the average 30-year mortgage rate had increased to 6.4%, more than a quarter-point higher than it was two weeks ago.
High mortgage rates are leaving many homebuyers waiting on the sidelines—but they're not killing the dream of homeownership for millennials. Millennials are the only generation with an increased ...