Mortgage Rates and Financial News and Tips
Mortgage Rates Decrease Slightly; Homebuyer Competition Slows
Mortgage rates decreased slightly instead this week. According to the latest Freddie Mac data, 30-year mortgages are averaging 5.25%—down from 5.30% last week and up from 3% one year ago. Alongside this shift, homebuyer competition slowed moderately this week. According…
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The Federal Reserve, Higher Mortgage Rates, and What it Means for You
The Federal Reserve opted to increase the federal funds rate by half a percentage point this week — the biggest jump in over two decades. Typically, when the Fed tightens monetary policy and increases its funds rate, we see higher…
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Mortgage Rates Increase Again; Purchase Loans Increase Despite It
Another week, another mortgage rate increase. According to the latest Freddie Mac data, mortgage rates are now sitting at 5.30% on average — up from 5.27% last week and 2.94% a year ago. The increase didn’t stop homebuyers, though. According…
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8 Thank You Notes to Show Your Agent Gratitude
Real estate agents help us navigate huge life milestones and transitions. They help us buy our dream homes and put down roots. They find buyers for the homes we grew up in, and they secure the nest eggs that set…
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Mortgage Rates Hit Highest Point in 13 Years
Mortgage rates are continuing their upward climb. According to the latest numbers from Freddie Mac, the average rate on 30-year, fixed-rate loans is now 5.27% — up from 5.1% last week and 2.96% a year ago. It’s the highest rate…
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Mortgage Rates Hold Steady Above 5%
Mortgage rates technically dropped this week, but only by a single basis point. According to Freddie Mac, the average rate on 30-year, fixed-rate loans is now 5.1% — down from 5.11% the week prior but nearly 200 basis points over…
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Mortgage Rates Hit 12-year High
Mortgage rates have officially hit their highest point since spring 2010. The average rate on 30-year loans is now 5.11% — up from 3.11% at the start of the year, per Freddie Mac. This is the seventh straight week rates…
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7 Things People Love About Living in Rural Areas
In the wake of the pandemic, many Americans found themselves wanting to move — and often to more rural and remote parts of the country. For some, it was to avoid the high transmission rates of the big city, while…
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Mortgage Rates Hit Highest Point in Over a Decade
Mortgage rates are now averaging 5% for the first time since 2011. According to Freddie Mac, the average rate on 30-year loans jumped from 4.72% to 5% over the last week. At the end of December, they were a mere…
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Mortgage Interest Rates Inch Toward 5%
Mortgage interest rates continue to rise, inching closer and closer to 5%. According to Freddie Mac, the average rate on 30-year loans was 4.72% this week, up from 4.67% last week and a whopping 159-basis-point jump over a year ago.…
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