Jim Lane/Getty Images A few important mortgage rates moved higher today. The average interest rates for both 15-year fixed and 30-year fixed mortgages both climbed higher. For variable rates, the 5/1 adjustable-rate mortgage also notched up. Although mortgage rates are always changing, they’re lower than they’ve been in years. Because of this, right now is
Tag: Interest
Deborah Jaffe/Getty Images Several major mortgage rates increased today. Average interest rates for 15- and 30-year fixed mortgages both climbed higher, while rates for 5/1 adjustable-rate mortgages also rose. Although mortgage interest rates always fluctuate, they’re currently lower than they’ve been in years. If you’re looking for a mortgage, now might be the right time
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Check out the mortgage rates for
Jim Lane/Getty A variety of significant mortgage rates inched upward today. The average interest rates for both 15-year fixed and 30-year fixed mortgages both saw increases. We also saw an upward trend in the average rate of 5/1 adjustable-rate mortgages. Although mortgage rates are always moving, they are quite low right now. For those looking
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Nigeria’s central bank will likely keep its key interest rate unchanged on Tuesday after data showed the economy’s recovery remains weak. Gross domestic product in the continent’s biggest oil producer expanded 0.5% in the three months through March from a year earlier, the
Mortgage applications to purchase a home rose 8% last week compared with the previous week, bolstered in part by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications were, however, 10% lower than they were in the same week one year ago. A big jump in mortgage rates may have