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
Tag: Rates
Some mortgage rates are higher today, including the fixed-rate for 30-year and 15-year mortgages. The average rate of the most common type of variable-rate mortgage, the 5/1 adjustable-rate mortgage, also inched up. Mortgage rates have been rather consistently going up since the start of this year, and are expected to climb throughout 2022. Of course,
Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. After a dramatic month of rate movement and economic news, home
A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters Mortgage demand slipped to the lowest level since December 2018, even after rates declined slightly last week. Applications for a mortgage to purchase a home fell 1% last week compared with the previous week, according to the Mortgage Bankers Association’s
Mortgage rates turned lower for the second straight week, but it wasn’t enough to boost demand for either new purchase loans or refinances, according to a weekly report from the Mortgage Bankers Association. Rates are still much higher than they were for the past two years. Last week the average contract interest rate for 30-year
Jim Lane/Getty Images Today, a few major mortgage rates rose. Average rates for 15-year fixed mortgages remained untouched, while rates for 30-year fixed mortgages increased. The average rate of the most common variable-rate mortgage, the 5/1 adjustable-rate mortgage, also increased. Mortgage interest rates are never set in stone, but lately interest rates have been at
Education Images/Getty Images A few key mortgage rates went up today. Average interest rates for 15- and 30-year fixed rate mortgages both increased, while 5/1 adjustable-rate mortgages also inched higher. Mortgage rates always fluctuate, but are currently lower than they have been in years. Because of this, now might be a good time to lock
H. Armstrong Roberts/Getty Images A few key mortgage rates increased today. Average rates for the 15-year and 30-year fixed mortgages both rose, while the average 5/1 adjustable mortgage rate also went up. Mortgage rates always fluctuate, but they are currently at historic lows. Now may be the right time to lock in a low fixed
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