Mortgage rates rose for the first time in 3-weeks. In the week ending 10th March, 30-year fixed rates increased by 9 basis points to 3.85%. 30-year fixed rates had fallen by 13 basis points in the wee...
Tag: mortgage
Brief drop in mortgage rates sparks mini refinance boom
A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters After rising steadily for months, mortgage rates made a U-turn last week, and borrowers jumped to take advantage. ...
Mortgage Interest Deduction: How It Works in 2022
The number of taxpayers claiming mortgage interest deductions on Schedule A has dropped sharply since the 2017 tax overhaul enacted both direct and indirect curbs on them. For 2019, about 13 million f...
Why Did Mortgage Rates Fall Again? How Ukraine and Russia Affect Housing.
Text size The average rate on a 30-year fixed mortgage rate fell to 3.76% this week. Dreamstime.com Mortgage rates fell for a second consecutive week after Russia’s invasions of Ukraine triggered a fl...
Weak mortgage demand could get a big boost
A house’s real estate for sale sign shows an upcoming open house in Washington, DC. Saul Loeb | AFP | Getty Images Mortgage demand stalled last week, as interest rates hit a multiyear high, but ...
U.S Mortgage Rates Surge for a Second Consecutive Week
Mortgage rates were on the move once more, after having barely moved through January. In the week ending 17th February, 30-year fixed rates jumped by 23 basis points to 3.92%. 30-year fixed rates had ...
Mortgage rates approach 4% much faster than expected
A week ago, economists projected mortgage rates would reach 4% toward the year-end. Now, the rate on the 30-year fixed home loan is just a whisper from that threshold, hitting 3.92% this week. That’s ...
The average size of a new mortgage just set a record
A couple look at houses for sale in the window of William H. Brown estate agents. Getty Images Homebuyers are facing one of the priciest housing markets in history, and that means they need larger mor...
How To Bequeath A Vacation Home To Your Kids Without Strife
Happy family dining and tasting wine at vacation home getty Dividing your assets among your offspring is always a fraught question, especially if real estate is at issue. For tips on how to do this wi...
U.S Mortgage Rates Surge After a Steady 3-Weeks
Mortgage rates were on the move in the 2nd week of February, after barely shifting for 3 consecutive weeks. In the week ending 10th February, 30-year fixed rates jumped by 14 basis points to 3.69%. 30...
U.S. Mortgage Rates Surge to the Highest Level in More than Two Years
(Bloomberg) — Mortgage rates in the U.S. jumped to the highest level since January 2020, before the pandemic rocked financial markets. Most Read from Bloomberg The average for a 30-year loan was...
Average Mortgage Balance By Age
Young homeowners painting their house Homeowners may wonder if they’re carrying too large a mortgage and, if so, how to reduce it. Mortgage sizes tend to vary by generation, so one way to assess wheth...
Borrowers rush to get the last of the low mortgage rates
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images M...
Paul Krugman Likens Crypto Plunge with Subprime Mortgage Crisis
In his opinion piece published in The New York Times on Thursday, January 27, Paul Krugman, a Nobel Prize-winning economist and a longtime crypto sceptic, compared the recent cryptocurrency crash with...
Nobel Laureate Paul Krugman Likens Crypto Market to Subprime Mortgage Crash — Warns Regulators Are Making the Same Mistake – Featured Bitcoin News
Nobel Prize-winning economist Paul Krugman sees parallels between the crypto market and the subprime mortgage crash. “There’s growing evidence that the risks of crypto are falling disproportionately o...
Mortgage Rates in U.S. Cool After Four Weeks of Increases
(Bloomberg) — Mortgage rates in the U.S. dipped for the first time in a month. Most Read from Bloomberg The average for a 30-year loan was 3.55%, down from 3.56% the prior week, Freddie Mac said...
Fed rate hikes are coming — how to tackle your savings, mortgage, car payments and credit-card debt in advance
Wall Street investors and Washington D.C. lawmakers are closely listening to what Federal Reserve Chairman Jerome Powell says Wednesday about the central bank’s next steps in its fight against decades...
Fintech Firm Milo To Provide Cryptocurrency Mortgage Services
More innovations keep springing up to fascinate and intrigue digital investors with increased cryptocurrency adoption. In line with that, Milo, a fintech startup based in Miami, introduced the first g...
Mortgage refinance demand plunges 13% as interest rates climb
A home for sale in Susanville, CA. Gary Coronado | Los Angeles Times | Getty Images Rising interest rates are causing big headaches for mortgage lenders, especially those who depend most on refinance ...
Inflation keeping house prices high, even with rising mortgage rates
If you’re a homebuyer hoping for a break on home sale prices amid rising mortgage rates, it’s likely not happening this year, or next. Aside from record-low inventory, a big culprit for e...
Mortgage rates surge to levels not seen since the early days of the pandemic
Mortgage rates surge to levels not seen since the early days of the pandemic Mortgage rates have come out soaring in just the second week of the year, reaching levels not seen since March of 2020, a c...
U.S Mortgage Rates Surge in Response to U.S Inflation Figures for December
Mortgage rates were on the rise once more in the second week of 2022. In the week ending 13th January, 30-year fixed rates surged by 23 basis points to 3.45%. 30-year fixed rates had risen by 11 basis...
Mortgage Rates Surge. The Pandemic’s Ultralow Rates Are Over.
Text size The average rate of a 30-year fixed-rate mortgage was 3.45% this week. Brandon Bell/Getty Images Mortgage rates climbed to their highest point since March 2020, according to data released Th...