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On a scale of one to Demogorgon, how uneasy does your mortgage make you feel? If it’s close to the flower-faced monster, you’re not alone. For many people, a mortgage is more than just a number — it’s the most money they will ever borrow, and it’s for a basic human need: shelter. No surprise...
Mortgage rates are a lot like spring weather, changing just frequently enough to keep you checking the forecast. At least for now, rate trends feel less like a thunderstorm and more like a stubborn spring drizzle.The average rate on a 30-year fixed-rate mortgage rose 17 basis points to 6.42% APR in the week ending May...
Mortgage rates ended last week on an optimistic note, as markets were encouraged by news of peace talks between Washington and Tehran. The conversation this week is much more dour. On Wednesday, the Senate blocked efforts to end the war, the seventh such measure put forth by Democrats. Tuesday saw the release of the April...
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If you've seen contradictory headlines about mortgage interest rates today, that's because rates are in an unusual spot. Where rates have been, where they are right now, and where they could go are three separate, but related, stories.Let's start with where rates have been. The average rate on a 30-year fixed-rate mortgage rose 13 basis...
Mortgage rates are likely to remain relatively stable in May. There's no doubt that we'll have daily ups-and-downs, but a major dive is unlikely to happen. (My apologies to anyone hoping 5% rates would be back on the table anytime soon.) On the plus side, we're unlikely to see a spike unless there are major...
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The Federal Reserve’s decision Wednesday to keep its benchmark interest rate steady is unlikely to budge mortgage rates for a couple of reasons.For starters, the Fed’s latest decision was about as surprising as your picky eater ordering chicken tenders off the kids’ menu. Mortgage markets saw it coming and already priced in a monetary policy...