Category: Financing
Home Sales Jump as Buyers Adjust to High Mortgage Rates: What to Expect in 2025?
December 21st, 2024
It appears that home buyers are indeed adjusting to the current reality of higher mortgage rates. While the dream of sub-4% rates seems to be a distant memory, the housing market is showing signs of resilience as buyers become more …Read more »
Today’s Mortgage Rates Trends – December 21, 2024 Update
December 21st, 2024
Here's the deal with today's mortgage rates. It's December 21st, 2024, and if you're thinking about buying a house, you should know that mortgage rates are hanging around 6.70% on average. That's kind of a jump-up recently. Why the bump? …Read more »
Today’s Mortgage Rates Rise to 6.7% – December 20, 2024 Update
December 20th, 2024
Mortgage rates have surged today, December 20, 2024, reaching 6.7%. This increase follows the Federal Reserve's recent cut of 25 basis points to the federal funds rate, surprising many borrowers as they expect mortgage rates to decline with any Fed rate …Read more »
Today’s Mortgage Rates Rise After Fed Meeting – December 19, 2024
December 19th, 2024
Yesterday's Federal Reserve meeting has stirred significant changes in mortgage rates, leaving many potential homebuyers and homeowners looking to refinance puzzled. Today’s mortgage rates saw a slight increase following the Fed's announcement to cut the federal funds rate. The 30-year …Read more »
Impact of Interest Rate Cut on Mortgages, Car Loans, and Your Wallet
December 19th, 2024
The recent decision by the Federal Reserve to implement its first interest rate cut in four years carries significant weight, especially for consumers interested in loans, whether they are for homes, vehicles, or other major purchases. For over a year, …Read more »
Fed Cuts Interest Rates by 25 Basis Points: What It Means for You
December 19th, 2024
The Federal Reserve has officially cut rates by 25 basis points in December, marking its third consecutive rate reduction this year. This decision follows a careful assessment of the economy, with the Fed responding to ongoing inflation concerns and a gradually stabilizing …Read more »
Today’s Mortgage Rates Fall Again – December 18, 2024 Update
December 18th, 2024
Good news for anyone eyeing a home purchase or thinking of refinancing: today’s mortgage rates have dropped slightly, as of December 18, 2024. According to Zillow’s latest data, the average 30-year fixed mortgage rate has dipped to 6.45%, the 20-year fixed rate …Read more »
Mortgage Refinance Rates Today: December 17, 2024 Update
December 17th, 2024
Let's talk about mortgage refinance rates today, December 17, 2024. If you're thinking about refinancing your home, it's a really smart move to keep an eye on these rates. The quick answer is that, right now, the average 30-year fixed refinance …Read more »
Today’s Mortgage Rates Saw a Slight Drop on December 17, 2024
December 17th, 2024
On December 17, 2024, mortgage rates dropped slightly, which is something that could be really helpful whether you’re thinking about buying a house or looking to refinance an existing mortgage. These little shifts in rates are all part of the bigger …Read more »