30 year fixed rate mortgage - Articles

Zillow Mortgage Marketplace: 30-Year Loan Hits 6-Week Low

ZillowThe 30-year fixed rate is down from 4.20 percent last week. By Alexa Fiander Mortgage rates for 30-year fixed mortgages fell over the past week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.14 percent, down from 4.20 percent at this same time last week. The 30-year fixed... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Rate Drops Again

ZillowMortgage rates fell after Friday's job report. By Alexa Fiander Mortgage rates for 30-year fixed mortgages fell last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.20 percent, down from 4.25 percent at this same time last week. The 30-year fixed mortgage rate peaked on... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Fixed Rate Surges

ZillowThe 30-year fixed mortgage rate peaked at 4.33 percent. By Alexa Fiander Mortgage rates for 30-year fixed mortgages rose last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.27 percent, up from 4.19 percent at this same time last week. The 30-year fixed mortgage rate surged... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Fixed Rate Drops

Zillow By Alexa Fiander Mortgage rates for 30-year fixed mortgages fell last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.19 percent, down from 4.21 percent at this same time last week. The 30-year fixed mortgage rate steadily declined last week, dropping to as low as 4.13... Continue Reading »

Zillow Mortgage Marketplace: 30-Year-Fixed Rate Bumps Up

Zillow By Alexa Fiander Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace 4.14 percent, up from 4.09 percent at this same time last week. The 30-year fixed mortgage rate rose early last week before leveling off near 4.13 percent on Friday.... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Fixed Rate Holds Steady

Zillow Mortgage rates for 30-year fixed mortgages remained unchanged from last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.23 percent, which is the same rate recorded last Tuesday. The 30-year fixed mortgage rate increased slightly to 4.26 percent early last week before dropping... Continue Reading »

Home Mortgage Rates Head Down Again

Shutterstock WASHINGTON -- Average U.S. rates on fixed mortgages declined this week after two weeks of increases, keeping home-buying affordable. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan fell to 4.22 percent from to 4.35 percent last week. The average on the 15-year fixed... Continue Reading »

Figuring Out the Best Mortgage for Your Home Purchase

Christopher Furlong/Getty Images By Susanna Kim A large majority of homebuyers choose a 30-year fixed rate mortgage when taking out a loan to buy a home. But it may not be the best choice of mortgages for all households. There are three reasons why homebuyers continually flock to the 30-year fixed-rate mortgage, says... Continue Reading »

Mortgage Rates Dip Slightly

Shutterstock By Marcy Gordon WASHINGTON -- Average U.S. rates for fixed mortgages declined this week but stayed close to their highest levels in two years. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan fell to 4.51 percent. That's down from 4.58 percent last week, the highest since... Continue Reading »

Good News on Mortgage Rates? They're Seen as 'Stabilizing'

Markets are still seeing shifts in the wake of Federal Reserve Chairman Ben Bernanke's mid-June announcement that the Fed would slow its bond-buying program contingent on the strength of the U.S. economic recovery. By the end of the month, mortgage rates for a 30-year, fixed mortgage had jumped to 4.5 percent, up from... Continue Reading »

Mortgage Rates Drop for 1st Time in Weeks but Probably Not for Long

By Marcy Gordon WASHINGTON -- U.S. mortgage rates fell for the first time in seven week, keeping the average on the 30-year fixed loan just under 4 percent. But rates are expected to surge next week, as markets respond to Chairman Ben Bernanke's comments that the Federal Reserve will likely reduce its bond purchases later... Continue Reading »

Mortgage Rates Rise Again, To Nearly 4%

By Marcy Gordon WASHINGTON -- Fixed U.S. mortgage rates rose for the sixth straight week, putting the average rate on the 30-year loan just shy of 4 percent. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan increased to 3.98 percent. That's up from 3.91 percent last week and the highest since... Continue Reading »

Mortgage Rates Hit Another Record Low

By Martin Crutsinger WASHINGTON -- Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week, offering more incentive for Americans to buy or refinance homes. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan fell to 3.84 percent, the lowest since long-term... Continue Reading »

Mortgage Rates Drop Slightly, Hover Above Record Lows

WASHINGTON -- The average U.S. rate on the 30-year fixed mortgage was mostly unchanged this week, as the cost of home-buying and refinancing stayed near record lows. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan fell slightly to 3.98 percent from 3.99 percent last week. In February, the rate... Continue Reading »

30-Year Mortgage Rate Up, But Still Under 4%

WASHINGTON -- The average rate on the 30-year fixed mortgage jumped after standing pat for three straight weeks at record lows. But the rate stayed below 4 percent for the 12th straight week, keeping homebuying and refinancing attractive for those who can qualify. Mortgage buyer Freddie Mac said Thursday that the rate on... Continue Reading »

30-Year Mortgage Rate Falls to 9th Record Low in a Year

WASHINGTON -- The average rate on the 30-year-fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. But even with the cheapest rates in history, the housing market remains depressed. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.87... Continue Reading »

Mortgage Rate Falls to New Record Low -- Again

WASHINGTON -- The average rate on the 30-year fixed mortgage fell again this week to a record low. The eighth record low in a year is attracting few takers because most who can afford to buy or refinance have already done so. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year fixed mortgage... Continue Reading »

Fixed Mortgage Rates Fall to New Record Lows

WASHINGTON -- The average rate on the 30-year fixed mortgage fell to a record 3.91 percent this week, the third time this year that rates have hit new lows. Freddie Mac said Thursday that the average on the 30-year home loan fell from 3.94 percent the previous week. The 3.91 percent rate is the lowest average for... Continue Reading »

VIDEO: When Does It Make Sense to Pay Off Your Mortgage?

Paul, 62, is like a lot of people near retirement: He wants a safe place to invest his money. But the interest rates on savings accounts barely keep up with inflation. Would it make sense to pay off a mortgage instead? In this week's installment of "Money & Happiness" DailyFinance's Laura Rowley reports on the three... Continue Reading »

Mortgage Rates Jump After Hitting Record Low

WASHINGTON -- The average rate on the 30-year fixed mortgage rose sharply this week after falling below 4 percent for the first time in history. Freddie Mac said Thursday that the rate on the 30-year fixed loan rose to 4.12 percent. That's up from 3.94 percent last week, the lowest rate ever, according to the National... Continue Reading »

Mortgage Rates Stay Flat in Wake of Record Lows

WASHINGTON -- Fixed mortgages were mostly flat this week after hitting their lowest levels in decades. But few Americans are able to capitalize on them. Freddie Mac says the average rate on the 30-year fixed mortgage stayed at 4.22 percent for the second straight week. The rate hit 4.15 percent two weeks ago, the lowest... Continue Reading »

Mortgage Applications Dip, Or Is It Double Dip?

Blame it on mortgage insurance rates. Mortgage applications dropped 5.6 percent from a week earlier as of April 22, reported the Mortgage Bankers Association. This coincided with a hike in FHA loan premiums -- over the past month, applications had risen as home buyers tried to beat the deadline. There also was no... Continue Reading »

Home Buyers Wake Up to Low Mortgage Rates

Are home buyers starting to make their move? The latest data certainly suggests something along those lines: Mortgage applications rose 5.3 percent last week, according to the Mortgage Bankers Association. While much of that increase likely was due to an increase in FHA government-backed loans before insurance rates rise,... Continue Reading »

Mortgage Interest Rates Start to Yo-yo

With mortgage interest rates traveling for months between around 4.2% to around 4.45%, mid-December suddenly brought new spikes with rates spiking as high as 5.19%, a six-month high. The sudden yo-yo has left many consumers (and even experts) scratching their heads: Are mortgage interest rates really going up?... Continue Reading »

Mortgage Rates Highest Since August

Mortgages jumped to their highest rate since early August on Thursday amid fears of inflation and a major bond sell-off. It marks the first rate increase in eight weeks. Rates on 30-year fixed-rate mortgages averaged 4.39 percent, up dramatically from last week's 4.17 percent, according to Freddie Mac's primary mortgage... Continue Reading »

Mortgage Applications, Refis Hurt by Job Market Stagnation

Minnesota homeowner Matt Kreger refinanced his $168,000 mortgage into a 4.75 percent 30-year fixed-rate three weeks ago, to get out of a 5-year, interest-only ARM with a 5.7 percent rate, which was set to change at the end of September. Borrowers such as Kreger were part of a push before Labor Day to close on the... Continue Reading »

30-Year Fixed-Rate Mortgage: An Endangered Species? (Part 1)

The 30-year fixed rate mortgage, the foundation of the American housing market, may be on the endangered species list, thanks to the Obama administration. Based on recent observations, the Obama administration seems committed to moving American housing policy away from homeownership toward rentals. They would do this by:... Continue Reading »

30-Year Fixed-Rate Mortgages Hit New Low

Just when it seems like the bottom's dropped out, the average rate of 30-year fixed-rate mortgages has slipped again. According to Freddie Mac's Primary Mortgage Market Survey, 30-year fixed-rate mortgages averaged a rate of 4.42 percent, down from 4.44 percent last week. It marks the ninth straight week in which the rate... Continue Reading »

The Right Mortgage for Every Lifestyle

Who has the cash to buy a house in full? Hardly anyone. And that's why mortgages play such an important role in making homeownership a more attainable dream for more people. But that's not how many consumers looked at mortgages in the heat of the housing bubble. Too many consumers started to think of mortgages as just... Continue Reading »

AOL RealEstate on Facebook