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Home Buying Home Prices Mortgages Real Estate

Mortgage Interest Rate Update

After creeping up a bit, we saw mortgage interest rates drop again in the last 30 days. The recent change will save new borrowers another $12 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 2.80% as of this week. Last month at this time, they were sitting at 3.02%. Of course, both are historically low.

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Home Buying Home Selling Mortgages Real Estate

Refinancing Thoughts

Refinancing your mortgage is something most homeowners consider at least once throughout the lifespan of their home loan. It allows you to pay off your previous loan by applying for a new one that has better financial advantages. While there are many good reasons to refinance, here are five common ones.

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Home Buying Home Selling Mortgages Real Estate

Mortgage Interest Rate Update

We saw mortgage interest rates drop again in the last 30 days. The recent change will save new borrowers another $3 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 2.87% as of this week. Last month at this time, they were sitting at 2.93%. Of course, both are historically low.

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Home Buying Home Selling Real Estate

Mortgage Interest Rates Continue Down

We saw mortgage interest rates drop again in the last 30 days. The recent change will save new borrowers over $8 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 2.88% as of this week. Last month at this time, they were sitting at 3.03%.

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Home Buying Home Prices Home Selling Mortgages Real Estate

A New Mortgage Interest Rate Record

Mortgage interest rates fell below 3% for the first time ever. The average 30-year fixed-rate mortgage fell to a record low of 2.98% this past week, according to Freddie Mac. That is the lowest level in the nearly 50 years of the mortgage giant’s survey.