Tag: Loan

Posted on 01/11/2021

Based on data compiled by Credible Operations, Inc., current mortgage refinance rates are trending up since last Friday. Average rates for all loan types spiked to 2.542%, while 30-year rates rose to 2.750%, a high not seen since December 3, 2020. 30-year fixed-rate refinance: 2.750%, Up from 2.625%, +0.125 20-year fixed-rate refinance: 2.750%, Up from 2.625%, +0.125 15-year fixed-rate...

Interestrates

Loan

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Posted on 11/18/2020

Mortgage Update

Based on compiled date, mortgage rates have remained unchanged since yesterday. 30-year fixed-rate mortgages: 2.625% 20-year fixed-rate mortgages: 2.500% 15-year fixed-rate mortgages: 2.000% Rates last updated on November 18, 2020. Actual rates may vary. The factors behind today’s mortgage rates Current mortgage and refinance rates are affected by many economic factors, like unemployment numbers and inflation. But your personal...

Posted on 07/28/2020

From HousingWire.com:U.S. existing-home sales rose 21 percent in June, the biggest monthly gain on record, according to the National Association of Realtors.Sales of single-family homes, townhomes, condominiums, and co-ops rose to a seasonally adjusted 4.72 million at an annual pace after three consecutive months of declines, NAR said in a Wednesday report. The median price rose 3.5 percent...

Posted on 06/08/2020

The labor sector dominated the headlines as the ADP and Bureau of Labor Statistics Jobs Reports for May were released. First up on Wednesday, the ADP Report showed devastating job losses in the private sector. However, they were significantly better than expectations, which we explain in more detail below. Friday brought a huge surprise as the BLS reported 2.5...

Posted on 05/15/2020

Mortgage rates continue to hover around all-time lows — and if the economic rebound from the coronavirus shutdowns is prolonged, rates could move even lower. The 30-year fixed-rate mortgage averaged 3.28% during the week ending May 14, representing an uptick of two basis points from a week ago, A year ago, the 30-year fixed-rate mortgage averaged 4.07%. The trajectory...

Refinance

Mortgage

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Posted on 04/23/2020

Types of Home Financing

Image by Credit Commerce from Pixabay Finding financing for a home could be as simple as applying for a conforming FHA loan or it could be as difficult as having to locate a portfolio loan or even a combo loan. What you need depends on the real estate you are buying. Most people buying a primary residence get...

Posted on 04/17/2020

The housing sector is going through a major upheaval while interest rates hit all-time lows because of the coronavirus, but that won’t necessarily translate to lower mortgage rates on some mortgage programs. WHY? The 30-year fixed-rate conventional conforming mortgage averaged 3.31% during the week ending April 16. Theoretically, mortgage rates could be even lower if these were normal circumstances....

Posted on 02/06/2020

Mortgage rates have dropped to the lowest levels since before the 2016 presidential election. The 30-year fixed-rate mortgage averaged 3.45% during the week ending Feb. 6. This was the third consecutive week in which mortgage rates dropped. The last time the 30-year fixed-rate mortgage was at or below this level was in October 2016, when it averaged 3.42%. The...

Posted on 12/09/2019

Both the Mortgage Bankers Association (MBA) and Freddie Mac are predicting continued good times for the housing market! The MBA recently predicted a strong finish for the year, forecasting that 2019 will be the best year for refinance loans since 2016, and the best year for purchase home loans since 2006.Freddie Mac followed this report with more good news,...

Loan

Mortgage

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Posted on 07/04/2018

How to Build Your Credit Before Buying a Home

Credit Score

Mortgage

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