Mortgage Industry News

High mortgage rates send homebuyers scrambling for relief

High mortgage rates send homebuyers scrambling for relief

Source: KAGS TV ---  LOS ANGELES — Mortgage rates are more than double what they were a year ago, so many homebuyers are looking for ways to put off some of the pain for a few years. The trend has driven adjustable-rate mortgages, or ARMs, to the highest usage in over...

Mortgage rates fall for the second week in a row

Mortgage rates fall for the second week in a row

Source: CNN --- Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending November 23, down from 6.61% the week before, according to Freddie Mac. A year ago, the...

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