Category: Economy
Today’s Mortgage Rates Increase: November 1, 2024
November 1st, 2024
Today’s mortgage rates reflect a notable increase, with the average rates for different loan types rising compared to last week. This shift means that anyone looking to borrow money for a home will find themselves dealing with a more expensive …Read more »
Mortgage Rates Rise Again Due to Pre-Election Volatility
October 31st, 2024
Mortgage rates are the cost of borrowing money to buy a home, and recently, rates have risen for the fifth consecutive week amid fluctuations in the bond market caused by pre-election uncertainty. As of this week, the average 30-year fixed-rate mortgage is at 6.72%, up …Read more »
What Will CD Rates Be in 2026: Insights and Predictions
October 29th, 2024
The question of what CD rates will be in 2026 is on the minds of many investors looking to maximize their savings through Certificates of Deposit (CDs). Understanding potential future trends in interest rates can significantly influence financial decisions for those looking …Read more »
Are CDs Considered Safe if the Market Crashes?
October 29th, 2024
Imagine this: the stock market takes a nosedive. Headlines scream about plummeting values, and your carefully crafted investment portfolio starts to resemble a melting ice sculpture. It's enough to make anyone sweat. But amidst this financial earthquake, you remember your …Read more »
Mortgage Rates Surge Past 6.5% for the First Time Since August 2024
October 26th, 2024
As of October 24, 2024, mortgage rates have climbed north of 6.5% for the first time since August, marking another significant shift in the housing market that many aspiring homeowners might find chilling. The average 30-year fixed-rate mortgage now sits at 6.54%, a slight …Read more »
Mortgage Rates Increase Today on October 23, 2024
October 23rd, 2024
Mortgage rates increased today, October 23rd, 2024, impacting those looking to buy or refinance a home. Let's dive into the details and see what this means for you. Mortgage Rates Increase for Today, October 23, 2024 Understanding the Increase in Mortgage …Read more »
Mortgage Rates Need to Drop by 2% Before Buying Spree Begins
October 23rd, 2024
Are you dreaming of owning a home, but those mortgage rates are making you hold back? You're not alone! Many potential homebuyers are waiting for how low mortgage rates must go before homebuyers start shopping, and this article will dive deep …Read more »
Mortgage and Refinance Rates Today Are Highest Since 2 Months
October 23rd, 2024
As of October 22, 2024, mortgage and refinance rates are the highest they’ve been since late July, highlighting a significant shift in the housing finance market. The 30-year fixed mortgage rate has risen to 6.30%, and the 15-year fixed rate is at 5.58%. This increase follows …Read more »
Mortgage Rates Predictions for Week Oct. 17 to 23, 2024
October 20th, 2024
Are you looking to get a mortgage or refinance your existing loan? If so, you’re probably paying attention to mortgage rates predictions for the week of October 17 - 23, 2024. Many experts believe that mortgage rates will likely remain unchanged during …Read more »
