Jumbos now cost more than traditional mortgages
Interest rates on so-called jumbo mortgages are above the historically low rates for smaller traditional mortgages for the first...
Mortgage Rates
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Mortgage rates are sub-3%. How are buyers and lenders reacting?
Uncertainty, the very thing that helped drive down the average rate on a 30-year fixed mortgage to 2.98 percent...
Applications for mortgages to buy homes drop
Homebuyers took some time off last week as homeowners got busy. An index tracking the volume of mortgage applications...
Mortgage rates hit all-time low
The downward slide in mortgage rates produced a new milestone this week, according to Freddie Mac’s latest primary mortgage market survey. The 30-year fixed-rate mortgage averaged 3.07 percent for the week ending July 2,...
Mortgage rates fall to record lows, but coronavirus could prompt slowdown
Mortgage rates have fallen to record lows, but growing fears of the coronavirus may keep homebuyers on the sidelines...
One quarter of Americans don’t even know their mortgage rate
Mortgage rates hit a three-year low earlier this week, so is it time to refinance? That’s a tough question...
High and low: Home refinancing spikes as mortgage rates drop below 4%
Mortgage rates have fallen again, and homeowners are jumping aboard the refinancing train. For home loans of $484,000 or...
Wall Street warns against privatizing Fannie and Freddie without Congress guarantee
As the Trump administration gears up to end the decade-long conservatorship of Fannie Mae and Freddie Mac, some voices...
Trump’s move to take Fannie and Freddie private could mean higher mortgage costs
The Trump administration’s plan to return Fannie Mae and Freddie Mac to private ownership, which the president has called...
Why lenders are loosening rules for “sandwich generation” homebuyers
More Americans are opting to live in multi-generational houses. Now, lenders are working to make it easier for such...
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