The low-rate mortgage boat has sailed. According to Freddie Mac, the average interest rate on a 30-year fixed-rate home loan is now 6.7%, more than double the 3.01% rate from this time last year. That...
Tag: Mortgage Refinancing
Homeowners hold record equity. What to know if you want to borrow
New homes under construction by CastleRock Communities in Kyle, Texas, in November 2021. Matthew Busch | Bloomberg | Getty Images Record increases in home prices are also pushing up the amount of equi...