Source: The Mortgage Reports — What is a fixed-rate mortgage? In mortgage terms, a fixed rate means the interest rate remains the same for the life of your home loan — keeping your monthly principal and interest payment consistent. The rate on a fixed mortgage...
Source: Consumer Financial Protection Bureau — Over the past two years, interest rates have risen from historical lows to as high as 7% for 30-year fixed-rate mortgages. Interest rates have remained elevated at levels that haven’t been seen for nearly 20 years....
Source: CNBC — Mortgage interest rates dropped again last week, and while that did little to bolster demand from homebuyers, it did send homeowners looking for savings on their monthly payments. Applications to refinance a home loan jumped 6% last week from the...
Source: The Ascent — These days, signing a mortgage means taking on a really big financial commitment. Home values are still elevated on a national level, and mortgage rates are the highest they’ve been in decades. And so chances are, if you’re...
Source: FT Adviser — Homeowners weighing up forbearance options in light of rising interest rates should be making cuts to their subscriptions before they consider making changes to their mortgages, brokers have said. This month, chancellor Jeremy Hunt and the...
Source: Reuters — WASHINGTON, Dec 20 (Reuters) – U.S. single-family homebuilding tumbled to a 2-1/2-year low in November and permits for future construction plunged as higher mortgage rates continued to depress housing market activity. The dour report...
