Mortgage Rates and Financial News and Tips

Mortgage Weekly Update

Mortgage Rates Hit Their Highest Point in Months

By Aly Yale / October 14, 2021
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Mortgage rates hit their highest point since April this week, according to Freddie Mac. The average rate on 30-year, fixed-rate loans clocked in at 3.05% — up from 2.99% last week.  “As inflationary pressure builds due to the ongoing pandemic…

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The Top 6 Mortgage Mistakes Buyers Should Avoid When Applying for a Home Loan

The Top 6 Mortgage Mistakes Buyers Should Avoid When Applying for a Home Loan

By Tara Mastroeni / October 13, 2021
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Applying for a mortgage can seem like a daunting process. In light of that, we’ve taken the liberty of laying out six mortgage mistakes that buyers sometimes make when applying for a home loan. Study up on these mistakes so…

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Mortgage Weekly Update

Rates Dip, Mortgage Applications Hit Three-Month Low

By Aly Yale / October 7, 2021
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Mortgage rates dropped ever so slightly this week, this time hitting an average 2.99% on 30-year, fixed-rate loans. That’s down from the 3.01% seen the week prior, but still well above the 2.77% rate seen this summer. Despite the small…

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Need a Bigger Mortgage to Buy a Bigger Home? Here's What to do First

Need a Bigger Mortgage to Buy a Bigger Home? Here’s What to Do First

By Tara Mastroeni / October 1, 2021
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If you’ve been thinking about moving into a bigger home, odds are good that you’re going to need to take out a bigger mortgage in the near future. With that in mind, we have a list of four things that…

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Mortgage Weekly Update

Mortgage Rates Hit Highest Point in Months

By Aly Yale / September 30, 2021
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Mortgage rates hit their highest point since summer this week, clocking in at an average 3.01% on 30-year, fixed-rate loans.  “Mortgage rates rose across all loan types this week as the 10-year U.S. Treasury yield reached its highest point since…

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Mortgage Weekly Update

Interest Rates Stay Flat, But Mortgage Applications Rise

By Aly Yale / September 23, 2021
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Interest rates remained steady this week, according to Freddie Mac. The average rate on a 30-year fixed-rate loan was 2.88%, up just slightly from last week’s 2.86%. Mortgage applications, on the other hand, saw a much bigger fluctuation. According to…

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How to Shop Around for a Mortgage: A Step-By-Step Guide

How to Shop Around for a Mortgage: A Step-By-Step Guide

By Tara Mastroeni / September 17, 2021
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If you’re thinking about buying a home in the near future, you’ve likely heard the phrase, “shop around for a mortgage” before. But, do you really know what it means to shop around for a home loan? If you don’t,…

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Mortgage Weekly Update

Mortgage Rates Remain Stable While Purchase Loans Surge

By Aly Yale / September 16, 2021
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Mortgage rates remained steady yet again this week. According to Freddie Mac, the average 30-year, fixed-rate mortgage came in at 2.86% — down just two basis points from last week’s 2.88%.  “It’s Groundhog Day for mortgage rates, as they have…

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Mortgage Weekly Update

Mortgage Rates Remain Stable; Purchases, Refis Dip

By Aly Yale / September 9, 2021
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Mortgage rates largely held steady this week. According to Freddie Mac, the average rate on 30-year loans sits at 2.88% — up just one basis point from 2.87% last week.  The bump, however slight, did little to encourage mortgage activity,…

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Mortgage Weekly Update

Mortgage Rates Stay Flat; Purchase Loan Apps Jump

By Aly Yale / September 2, 2021
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Mortgage rates remained flat this week, sitting at the same 2.87% on 30-year loans seen last week, according to Freddie Mac. Though rates remain well below 3% — and have for months, overall loan applications were down 2.4% for the…

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