And as rates decline, refinancing activity rises: Refinance applications rose 111% compared to the same week last year, according to the latest Mortgage Bankers Association’s weekly application survey ...
The love-it-or-loathe-it adjustable rate mortgage (ARM) is seeing an uptick in activity as the Mortgage Bankers Association reveals 10% of purchase-mortgage applications for the week ending October 3, ...
After a Fed rate cut, the interest rate on savings accounts usually dip as well, but that's not always the case, thanks to ...
While a Fed rate cut is big news, consumers might only be expected to see slight relief when it comes to much borrowing.
Home equity loan and HELOC interest rates remained under 8% this week. Here's what homeowners should do in response.
Mortgage rates are down and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.18%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is ...
NOW THIS IS THE SECOND RATE CUT FOR THE FED THIS YEAR, AS IT SEEKS TO SHORE UP ECONOMIC GROWTH AND HIRING, EVEN AS INFLATION HAS ELEVATED. 12 NEWS IS MALLORY ANDERSON AND CONSUMER REPORTS EXPLAINS ...
The Federal Reserve signaled this week that aspiring home buyers expecting more interest-rate relief may have to keep waiting ...
This is read by an automated voice. Please report any issues or inconsistencies here. The Federal Reserve cut its benchmark rate for the second time since September, but consumer relief could come ...