Housing Market

Mortgage Rates: Housing is Getting Stronger, But Rates Will Stay Low

Mortgage rates inched down this week, averaging 3.48 percent for a 30-year, fixed-rate loan, dropping from 3.50 percent last week. Last year at this time, rates were 3.86 percent, according to Freddie Mac.   Yesterday, in a much-anticipated meeting, the Federal Open Market Committee (FOMC) decided to keep the Federal funds rate unchanged in a contested vote, with […]

Mortgage Rates: Homebuyers Might Not Need to Depend on Cheap Borrowing Anymore

Mortgage rates rose this week, averaging 3.50 percent for a 30-year, fixed-rate loan, up from 3.44 percent last week. Last year at this time, rates were 3.91, according to Freddie Mac. But the real news for homeowners and homebuyers came on Tuesday, when the Census Bureau released its annual report on Income and Poverty in the United States. In an unambiguously […]
mortgage rates

Mortgage Rates: Does the Federal Reserve Drama Really Matter?

Mortgage rates inched up this week, averaging 3.46 percent for a 30-year, fixed-rate loan, up from 3.43 percent last week. Last year at this time, rates were 3.89 percent, according to Freddie Mac. While mortgage rates are very likely to stay low in the near and medium term, there was some drama with the Federal […]
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