Mortgage rates drop to 2-month low—an unexpected holiday gift to housing

Daniel Acker | Bloomberg | Getty Images Prospective buyers and a real estate agent, center, enter a home for sale in Warren, Michigan. Americans may be losing money in their stock portfolios this week, but they are gaining purchasing power in the housing market. Mortgage rates are falling sharply, as […]

Mortgage rates shoot up to their highest level in nearly 8 years

Strong employment numbers caused mortgage rates to take off with the 30-year fixed-rate average the highest it has been in nearly eight years. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average jumped to 4.94 percent with an average 0.5 point. (Points are…  [“source=forbes]

Mortgage rates today, October 29, 2018, plus lock recommendations

What’s driving current mortgage rates? Average mortgage rates today are nearly unchanged. However, early indicators in financial markets could cause higher repricing later. Personal Income (expected to increase by .1 to .4 percent) only actually increased by .2 percent (good for mortgage rates), Consumer Spending (expected to increase by .1 to .4 […]