Mortgage Rates Drop Today—the Lowest It's Been in 2 Months
"This week, mortgage rates decreased to their lowest level in over two months," says Freddie Mac Chief Economist Sam Khater. "The drop in mortgage rates, combined with modestly improving inventory, is an encouraging sign for consumers in the market to buy a home."
5 tips for for buying a home when mortgage rates are high
28/36 rule: Housing expenses (including mortgage payments, utilities, HOA fees and homeowners insurance) should be no more than 28% of your gross income and no more than 36% on debts overall. 30% rule: Keep monthly mortgage payments and other housing costs to no more than 30% of your take-home pay.
Mortgage rates shot up to nearly 8% in late 2023, dipped to 6% last fall, rose to above 7% in mid-January and declined again recently.
The rate on a 30-year fixed refinance decreased to 6.7% today, according to the Mortgage Research Center. For 15-year fixed ...
With the spring homebuying season quickly approaching, buyers should know the mortgage rate forecast for March.
The Fed is currently neutral on interest rates but could resume cuts later this year. If you're house hunting, here's how ...
Today, the mortgage interest rate on a 30-year fixed mortgage is 6.64%, according to the Mortgage Research Center. On a ...
One of the first things you may want to consider when choosing a mortgage loan or refinancing is your preferred loan term. Shorter terms (15-year loans) generally offer better interest rates ...
Most analysts expect mortgage rates to remain relatively flat for the rest of the year. However, another interest rate cut or economic shifts could change that equation. The current mortgage ...
Commissions do not affect our editors' opinions or evaluations. Mortgage interest rates are dynamic and unpredictable, and can fluctuate many times between when you file a loan application and ...
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March Mortgage Outlook: Hostile Rates, but Friendly Price CutsMortgage rates might remain level for the first two-thirds of March. But they could rise after March 19, when the Federal ...
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