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mortgage rates

I thought refinancing my home could save me money, but after doing the math I found it wasn’t worth it after all

[Business Insider] I recently considered refinancing the mortgage on my new home but ultimately decided against it because the math didn’t make sense. If I rolled closing costs into my new loan, my monthly payment would have gone up. I considered paying the closing costs up front, but a formula […]

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Mortgage rates hit 10th record low of 2020, further fueling the US housing market’s boom

The average US 30-year fixed mortgage rate fell to 2.81% from 2.87%, its lowest in Freddie Mac data going back nearly 50 years. The reading also marks the 10th record low this year, reflecting the tumbling borrowing costs that fueled the housing market’s rebound. Sales of new and existing homes have thrived […]

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Mortgage Rates Today, October 12, 2020 | Rates dip

[BankRate] Multiple benchmark mortgage rates receded today. The average rates on 30-year fixed and 15-year fixed mortgages both trended down. The average rate on 5/1 adjustable-rate mortgages, or ARMs, the most popular type of variable rate mortgage, advanced. Mortgage rates are constantly changing, but they continue to represent a bargain […]

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Today’s Mortgage Interest Rates: Aug. 27, 2020—Rates Drop, Staying Below 3% for 5th Week

[Forbes, Getty Images] Average mortgage rates this week fell for both 30-year and 15-year fixed-rate mortgages, while the 5/1 adjustable-rate mortgage (ARM) was unchanged. The average rate on a 30-year fixed mortgage dipped to 2.91%, according to Freddie Mac’s Primary Mortgage Market Survey. Mortgage rates have remained below 3% for […]

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