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Weekly mortgage demand dropped despite a slight drop in interest rates. Rates haven’t moved much in the last few months.
Rates on 30-year mortgages slipped Friday, for a slight retreat after notching their highest level since May of last year.
While any dip in rates is positive, it's not going to move the needle for homeowners looking to save money by refinancing this year.
These are today's mortgage and refinance rates. Mortgage rates are up near 7%, and economic uncertainty makes it hard to say ...
"More buyers took the opportunity to refinance last week as rates continued to ease. Mortgage rates are higher ... a 30-year fixed home loan is 6.76%, down from the prior week of 6.81%, according ...
The official cash rate is now 3.85%, the lowest since May 2023, following two 0.25% cuts in February and May. According to ...
"Rates could begin trending lower later this year as the economy cools and inflationary pressures ease ... was putting down 20% of the home's sale price, and ensured that the mortgage payment ...
Lower mortgage rates ease the financial pain for prospective ... If inflation were to rise, those annual returns would get cut down as price increases erode the purchasing power of the fixed ...
“But it’s not going to go down to 4% mortgage rate conditions ... interest rate backdrop is here to stay, with mortgage rates expected to ease only slightly to 6.7% by the year end.” ...
Refinance rates were expected to slowly ease as the Fed made additional ... If unemployment rises or inflation slows down, the Fed might resume lowering rates, and mortgage rates could start ...
Today's mortgage rates Mortgage rates are expected to go down this year ... Most major forecasts expect rates to ease throughout the next few years, and they could ultimately settle in closer ...