HOME TIME Grab a cheap mortgage while you can! Lenders warn home loan rates may be about to rise

HOMEOWNERS should considering nabbing a record low mortgage rate while they can, with lenders warning rates may not go lower. Households are currently benefiting from the cheapest home loans on record but the Council of Mortgage lenders has suggested that the era of low rates may be coming to an […]

Mortgage rates edge higher, after five weeks of declines

Mortgage rates edged higher last week, the first increase after five weeks of declines. The 30-year fixed-rate mortgage averaged 3.91% in the week ending June 15, up from 3.89%, Freddie Mac said Thursday. The 15-year fixed-rate mortgage averaged 3.18%, up from 3.16%, while the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged […]

Weekly mortgage applications to purchase a home drop 3%, even as falling rates spark a rush to refinance

  Jamie Rector | Bloomberg | Getty Images Another drop in mortgage interest rates continued to confound expectations, but current homeowners saw a clear path to savings. Mortgage application volume rose 2.8 percent last week, all thanks to refinances. The Mortgage Bankers Association’s seasonally adjusted weekly index remains 12 percent […]

Mortgage rates decline for Tuesday

  Multiple closely watched mortgage rates decreased today. The average rates on 30-year fixed and 15-year fixed mortgages both dropped. On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages also fell. Mortgage rates are constantly changing, but, overall, they are very low by historical standards. If you’re in […]

Mortgage prisoner explosion: why a new generation is at risk of crippling rates

Falling house prices – coming just at the time of a resurgence in low-deposit home loans – could see the creation of a new generation of “mortgage prisoners”. Prices dropped by 0.2pc in May, the third monthly fall in a row, according to Nationwide Building Society, marking the biggest sustained […]

Mortgage lenders say ‘yes’ to more first-time buyers

  Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the […]