Homebuilders are not getting a bump from lower mortgage rates

David Paul Morris | Bloomberg | Getty Images A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California, Oct. 25, 2018. Mortgage applications to purchase a newly built home dropped 11 percent in November, compared with a year ago, according […]

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 […]

Mortgage rates move up for Tuesday

Expect Best/stocksnap.io Several key mortgage rates advanced today. The average rates on 30-year fixed and 15-year fixed mortgages both advanced. On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages also increased. Compare mortgage rates in your area now. 30-year fixed mortgages The average 30-year fixed-mortgage rate is 4.53 […]

Rising Mortgage Rates Shut 1.4M Out of Refinance Market: Black Knight

Mortgage interest rates have been rising all year, potentially shutting first-time home buyers out of the market. But the increase in mortgage rates is also affecting homeowners looking to refinance, with more than 1 million now unable to get into a cheaper loan product. That’s according to data analytics company Black Knight, […]