Federal Reserve likely to cut key interest rate
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The rate on a 30-year fixed refinance decreased to 6.23% today, according to the Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.27%. On a 20-year mortgage refinance, the average rate is 5.
If you're eager to have a mortgage below 6%, you'll need to check a lot of boxes to qualify—but it can be done.
More homeowners are jumping to refinance with mortgage rates hitting their lowest point in a month. Demand is up 81% from last year, according to the Mortgage Bankers Association’s seasonally adjusted index.
Thirty-year mortgage rates fell to a one-month low today. The current mortgage rate on a 30-year fixed mortgage fell by 1.90% in the last week to 6.15%, according to the Mortgage Research Center. Meanwhile,
The interest in home loan refinancing picked up. Mortgage refinance applications increased by 4% for the week ending Oct. 17, according to the Mortgage Bankers Association (MBA). But the demand for new home loans decreased by 0.
The government shutdown causes confusion about the direction of mortgage rates, and it reinforces the argument that the smartest move for homebuyers is to ignore the noise and buy when you're ready. You can refinance if rates fall, but you can't go back and buy a home that’s already been sold.
Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.46%. On a 20-year mortgage refinance, the average rate is 6.15%. Related: Compare Current Refinance Rates 30-Year Refina
The demand for home loans eased but still ticked up 0.6% for the week ending Sept. 19, according to the Mortgage Bankers Association. The increase is not as significant as the 29.7% increase in mortgage applications for the week ending Sept. 12. The ...