The Fed just made life even worse for homebuyers As the busy spring selling season comes to a close, some Americans see their dream of homeownership under siege on three fronts. The housing supply is low. Interest rates are rising. And even Canada plays a foil: Tariffs on lumber have sent the price of construction … Continue reading Did it just get harder for homebuyers?
How does the latest interest rate hike impact you? The Federal Reserve says a "resilient economy" is one reason why it's raising a key interest rate for the second time this year. The central bank increased the short-term rate a quarter point on Wednesday to a range of 1.75 to 2 percent. The Fed … Continue reading How does the latest interest rate hike impact you?
~ what are your thoughts? ~ Surging Mortgage Rates Set Off Scramble to Buy Homes U.S. homebuyers, already contending with escalating prices, now are getting hit with the most-expensive mortgage rates in seven years. Funny thing: It’s only making them move faster. The average rate for a 30-year fixed mortgage jumped to 4.61 percent, up … Continue reading Surging Mortgage Rates Set Off Scramble to Buy Homes
After nearly nearly 35 years of bond yields steadily ticking down (and prices going up),the market has turned in the past few months. The yield on 10-year US Treasury touched its highest level since 2011 this week, at 3.09%. This “historic” move is generating anxiety among investors, as higher yields can be considered a bad… via … Continue reading Quartz – How High will Int Rates go?
~ a payment at the below interest rate of 4.46% would be $1410 for a $350,000 home with 20% down, not including taxes and insurance. The article states the rate at 4.21% from one year ago which would be $1370 for the same parameters. That's a $40 increase which adds up especially when buying a … Continue reading US mortgage rates climb to 4-year high
~ take a look at these ~ Current market rates The average 30-year fixed rate mortgage (FRM) rate for the week ending December 14, 2017 increased slightly to 3.84%. The 15-year FRM rate remained level at 3.15%. With the slow decline of the past year now reversing, rates will slowly rise going forward. The financial markets going into 2017 saw a … Continue reading Current market rates
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Rates Spike While FICO Scores Decline Author: Scott Morgan in Data, Headlines, News February 20, 2017 0 While 30-year notes rose in January, average FICO scores on refinances dropped across the board, according to the latest Origination Insight Report by Ellie Mae. “Rates continued to increase in January and with that we began to … Continue reading Rates Spike While FICO Scores Decline
Why your bank may not be giving you the best mortgage rate Lenders may not be giving you the best mortgage rate By Hal Bundrick, NerdWallet October 13, 2016 12:48 PM . View photo FILE - In this Thursday, Jan. 8, 2015, file photo, a "Sale Pending" sign sits atop a realty sign outside a … Continue reading Why your bank may not be giving you the best mortgage rate
From Associated Press 5/18/16 Catching many investors off guard, the Federal Reserve made clear Wednesday that an interest rate increase in June is likely if the economy keeps improving. The minutes of Fed officials’ meeting in late April show they widely felt it would be time to raise rates at their June 14-15 meeting as … Continue reading Fed likely to raise interest rates in June if economy keeps improving