Mortgage Rates and Financial News and Tips
Mortgage Rates Hit Their Highest Point in Months
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
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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Rates Dip, Mortgage Applications Hit Three-Month Low
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
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 Rates Hit Highest Point in Months
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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Interest Rates Stay Flat, But Mortgage Applications Rise
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
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 Rates Remain Stable While Purchase Loans Surge
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 Rates Remain Stable; Purchases, Refis Dip
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 Rates Stay Flat; Purchase Loan Apps Jump
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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