Categories
Mortgage rates

Mortgage rates: 14.1M homeowners are not refinancing despite low interest rates. Should you refinance now?

Skip to main content This content is only available to USA TODAY subscribers.Subscribe for as low as $4.99 per month.Your subscription includes access to:Exclusive, subscriber-only content and weekly email newsletterOur most popular newsletter, Daily Briefing, to keep you updated on the day’s top storiesFull access on your desktop, tablet and mobile deviceThe eNewspaper, a digital…

Categories
Mortgage rates

Mortgage rates Slide down to 2.96Percent

Mortgage rates fell again last week, dropping three basis points to an average of 2.96%, according to Thursday data from Freddie Mac‘s PMMS. Rates have now managed to stay within a five basis point range above or below 3% for nearly two months. Higher mortgage rates historically have signaled a strengthened economy. But this is no ordinary economy:…

Categories
Mortgage refinance

Mortgage refinance rates on June 1, 2021: Rate ticks higher

Jim Lane/Getty In general, refinance rates for mortgages varied, with one notable rate moving higher. The national rate average for a 15-year fixed refinance did not change, while 30-year fixed-rate refinances moved up. In addition, the average rate on 10-year fixed refinance shrank. Although refinance rates are always changing, they have been quite low recently.…

Categories
Current Mortgage

Current mortgage interest rates on June 1, 2021: Rates go up

Jim Lane/Getty A variety of significant mortgage rates inched upward today. The average interest rates for both 15-year fixed and 30-year fixed mortgages both saw increases. We also saw an upward trend in the average rate of 5/1 adjustable-rate mortgages. Although mortgage rates are always moving, they are quite low right now. For those looking…

Categories
interest Mortgage

Mortgage interest rates for May 24, 2021: Rates increased

Jim Lane/Getty A handful of important mortgage rates crept upward today. Fifteen-year fixed and 30-year fixed mortgage rates both inched up. The average rate of the most common type of variable-rate mortgage, the 5/1 adjustable-rate mortgage, also advanced. Although mortgage rates are dynamic, they are at a historic low. Because of this, right now is…

Categories
Mortgage Today’s

Here are today’s mortgage rates on April 9, 2021: Rates decreased

Justin Sullivan/Getty A number of important mortgage rates trended lower today. 15-year fixed and 30-year fixed mortgage rates both decreased. We also saw a shrinking in the average rate of 5/1 adjustable-rate mortgages. Although mortgage rates are dynamic, they are at a historic low. For those looking to get a fixed rate, now is an…

Categories
applications Mortgage

Mortgage Software dip as House prices Grow

Mortgage applications decreased for the third straight week – this time down 2.5%, according to the latest report from the Mortgage Bankers Association. Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government applications, according to Joel Kan, MBA’s associate vice president…

Categories
applications Mortgage

Mortgage applications continue to fall as rates climb

Mortgage applications dropped for the second straight week — falling 2.2%, according to the latest report from the Mortgage Bankers Association. The continued increase in mortgage rates is to blame, according to MBA’s Associate Vice President of Economic and Industry Forecasting Joel Kan. Rates have jumped north of 3%, with most recent reports showing it…

Categories
Mortgage rates

Mortgage rates continue to rise to 3.05%

Labor market optimism, continued vaccination roll-out and additional stimulus spending helped to push the average mortgage rate for a 30-year fixed loan up three basis points last week to 3.05%, according to Freddie Mac’s Primary Mortgage Market Survey. The post Mortgage rates continue to rise to 3.05% appeared first on HousingWire.

Categories
lenders Mortgage

Mortgage lenders expect profit margins to fall

Per a Fannie Mae report, mortgage lenders expect profit margins to decline in the months ahead, but believe consumer demand will grow. The post Mortgage lenders expect profit margins to drop appeared first on HousingWire.