Category: Mortgage

Good news for house hunters! Mortgage rates have dipped for the second week in a row, according to Freddie Mac. While this decrease is small, it might provide some much-needed breathing room for potential buyers struggling with high borrowing costs. Experts …Read more  »

Homebuyers can rejoice! On Wednesday, 30-year fixed mortgage rates dipped below the psychologically significant 7% threshold, settling at 6.84% – the most attractive rate since late March according to a report from Investopedia. This marks a welcome decline, especially considering …Read more  »

Mortgage rates to stay high in 2024, predicts Freddie Mac. But will strong demand overcome affordability challenges? Let's explore what this means for homebuyers. Freddie Mac, a leading provider of mortgage financing in the U.S., reports a slowdown in the …Read more  »

For homebuyers in June 2024, the predictions of mortgage rates loom large. After a period of decline in early 2024, rates have seen a slight uptick in May, leaving many wondering what June holds. While the record lows of 2021 …Read more  »

For homebuyers, the past few weeks have been a nerve-wracking rollercoaster. Soaring housing prices have been a significant hurdle, and to add to the challenge, mortgage rates have been on a relentless upward climb. But there's a welcome glimmer of …Read more  »

Many factors, such as the supply and demand of housing, the economic conditions, the monetary policy, and the expectations of the market influence mortgage rates. For aspiring homeowners and real estate investors alike, the current landscape of mortgage rates feels …Read more  »

The dream of falling mortgage rates in 2024 has hit a snag. Recent economic data, especially stubborn inflation, has thrown a curveball at prospective homebuyers in May. Let's explore what experts predict for mortgage rates for this month, i.e.; May …Read more  »

As of April 18, 2024, mortgage rates have continued a recent upward trend, surpassing the 7% mark for the first time this year. This increase comes after a period of historically low rates in 2020 and 2021. Will mortgage rates …Read more  »

As April 2024 unfolds, attention is fixated on the Federal Reserve's impending decision regarding interest rates. This verdict carries substantial weight, reverberating across various economic domains, including the dynamic housing market. However, it is crucial to recognize that the Fed's …Read more  »