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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 showed me I wouldn’t reach my break-even […]

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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 through the pandemic, but steadily rising prices […]

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How to negotiate a better mortgage rate

[Fox Business, iStock] As a soon-to-be homeowner, one of the most important steps of buying a home is securing an affordable mortgage rate. To secure the lowest rates, you may have to negotiate. With that in mind, there are things home buyers should do when negotiating your mortgage rates. Armed with this knowledge, you should be able to use […]

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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 compared to rates before the […]

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Homeowners seem unaware of near-record mortgage rates, looming fee

[MSN] Homeowners overlook low rates, looming fee Applications for refinance mortgages are down for a third straight week, a lenders group says, and that suggests homeowners haven’t woken up yet to a couple of urgent reasons to refi. First of all, mortgage rates are spiraling downward again and are back in the neighborhood of their […]

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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 five straight weeks, the longest […]

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Mortgage Rates Today, August 20, 2020 | Closely watched rate drops

[BankRate] Mortgage rates moved in different directions today, but one key rate trended down. The average for a 30-year fixed-rate mortgage ticked downwards, but the average rate on a 15-year fixed held firm. Meanwhile, the average rate on 5/1 adjustable-rate mortgages notched higher. Rates for mortgages are in a constant state of flux, but they […]

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No. 2 US lender rolls out 30-year mortgage at under 2%

[MoneyWise, Shutterstock] As mortgage rates move higher again and hit levels not seen in months, one of America’s largest home lenders says it’s taking things far in the other direction. United Wholesale Mortgage — the company that recently announced a 15-year fixed-rate mortgage with rates as low as 1.875% — has now unveiled a 30-year fixed-rate loan […]

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