mortgage rates - 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 »

Mortgage Rates Slip, Edge Closer to Record Low Levels

Tony Dejak/AP WASHINGTON -- Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins. Mortgage buyer Freddie Mac says the average rate for the 30-year loan fell to 4.34 percent from 4.41 percent last week. The average for the 15-year... Continue Reading »

Top Fed Official: Rapid Hikes in U.S. Interest Rates Unlikely

The Associated PressFederal Reserve Board Governor Daniel Tarullo By Ann Saphir The modest pace of U.S. economic growth in recent years suggests that when the time comes to raise interest rates the Federal Reserve will be able to do so gradually without fear of a sudden surge in inflation, a top Fed official said on... 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 »

Mortgage Rates Move Up a Tick in Latest Survey

Jae C. Hong/AP WASHINGTON -- Average U.S. rates on fixed mortgages rose slightly this week but remained near historically low levels. Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan ticked up to 4.41 percent from 4.40 percent last week. The average for the 15-year mortgage increased to... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Fixed Rates Fall Back

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 4.25 percent, down from 4.27 percent at this same time last week. The 30-year fixed mortgage rate peaked on Wednesday at 4.29 percent before falling to 4.20... Continue Reading »

Mortgage Rates Tick Up on Fed Chair's Comments

Tony Dejak/AP WASHINGTON -- Average U.S. rates on fixed mortgages rose this week in the wake of comments by Federal Reserve Chair Janet Yellen suggesting that the Fed could start raising short-term interest rates by mid-2015. Mortgage buyer Freddie Mac says the average rate for the 30-year loan increased to 4.40 percent... 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 »

Why a Long Commute Can Take a Toll on a Mortgage

Shutterstock It's the cornerstone cliche of the real estate business: Location, location, location. Most homebuyers make it past the banality to implicitly understand they may pay a premium based on a property's location. But few prospective borrowers consider a more subtle way location could crimp their budget and... Continue Reading »

Mortgage Rates Edge Back Down in Latest Survey

Chuck Burton/AP WASHINGTON -- Average U.S. rates on fixed mortgages declined last week, edging closer to historically low levels. Mortgage buyer Freddie Mac says the average rate for the 30-year loan fell to 4.32 percent from 4.37 percent last week. The average for the 15-year mortgage eased to 3.32 percent from 3.38... 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 »

Mortgage Rates Edge Up, Remain Near Historic Lows

David Paul Morris/Bloomberg via Getty Images WASHINGTON -- Average U.S. rates on fixed mortgages rose last week but remained close to historically low levels. Mortgage buyer Freddie Mac says the average rate for the 30-year loan increased to 4.37 percent from 4.28 percent last week. The average for the 15-year mortgage... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Rate Rises

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 at 4.21 percent, up from 4.11 percent at this same time last week. The 30-year fixed mortgage rate steadily rose last week, peaking at 4.27 percent on Monday... Continue Reading »

Mortgage Rates Fall, Reverse Recent Upward Trend

Daniel Acker/Bloomberg via Getty Images WASHINGTON -- Average U.S. rates on fixed mortgages fell after three weeks of rises, edging closer to historically low levels. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan declined to 4.28 percent from 4.37 percent last week. The average for... Continue Reading »

If Your Mortgage Payment Went Up, Here's Probably Why

Flickr By Arthur Murray Freaked out because your mortgage payment has increased? Before you write that next mortgage check, let's investigate what's going on with the payment. The increase could come from a number of factors and there may be something you can do about it besides paying more each month. Many lenders... Continue Reading »

How 1% in Mortgage Interest Really Adds Up

Zillow By Erin Lantz If you are shopping for a new home, it's equally important to shop around for the best mortgage rate, too. Rates can vary greatly between lenders and even seemingly small differences can end up saving -- or costing you -- a lot of money over time. Explore your options by comparing personalized... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Rate Makes 1st Drop in Month

Zillow By Alexa Fiander Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.11 percent, down from 4.18 percent at this same time last week. The 30-year fixed mortgage rate declined steadily last week, dropping to as low as 4.09... Continue Reading »

Mortgage Rates Rise as Home Sales Surge

Getty Images WASHINGTON -- Average U.S. rates on fixed mortgages rose for a third straight week as new data showed a surprisingly strong pace of new-home sales last month. Rates still remain near historically low levels. Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan increased to 4.37... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Rate Holds Steady

Shutterstock By Alexa Fiander Mortgage rates for 30-year fixed mortgages remained unchanged from last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.18 percent, the same rate recorded last Tuesday. The 30-year fixed mortgage rate remained stable for the week, hovering between... Continue Reading »

U.S. Home Prices Fall Amid Brutal Winter Cold

Gene J. Puskar/AP By CHRISTOPHER S. RUGABER WASHINGTON -- U.S. home prices fell for the second straight month in December as brutally cold weather, tight supply and higher costs slowed sales. The Standard & Poor's/Case-Shiller 20-city home price index declined 0.1 percent from November to December, matching the... Continue Reading »

Existing Home Sales Slump on Weather, Supply Woes

Gene J. Puskar/AP WASHINGTON -- U.S. home resales fell more than expected in January and hit an 18 month-low as the combination of cold weather and a lack of housing stock sidelined potential buyers. The National Association of Realtors said Friday home sales dropped 5.1 percent to an annual rate of 4.62 million units,... Continue Reading »

Mortgage Rates Inch Up in Latest Week

AP WASHINGTON -- Average U.S. rates on fixed mortgages rose this week but remained near historically low levels. Mortgage buyer Freddie Mac says the average rate for the 30-year loan increased to 4.33 percent from 4.28 percent last week. The average for the 15-year mortgage edged up to 3.35 percent from 3.33... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Rate Rises Again

Zillow By Alexa Fiander Mortgage rates for 30-year fixed mortgages rose again this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.18 percent, up from 4.14 percent at this same time last week. The 30-year fixed mortgage rate hovered between 4.17 and 4.21 percent for the majority of... Continue Reading »

Mortgage Rates Tick Up After 5 Down Weeks

Daniel Acker/Bloomberg via Getty Images WASHINGTON -- The average U.S. rate on a 30-year fixed mortgage edged up this week to 4.28 percent from 4.23 percent but remains near historically low levels after declining during the five previous weeks. Mortgage buyer Freddie Mac said Thursday that the average for the 15-year... 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 »

Mortgage Rates Continue Downward Trend

Daniel Acker/Bloomberg via Getty Images WASHINGTON -- Average U.S. rates for fixed mortgages fell this week as the latest data continued to indicate a pause in the housing market's recovery. Mortgage buyer Freddie Mac says the average for the 30-year loan declined to 4.23 percent from 4.32 percent last week. The average... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Loan Steadily Declines

Zillow By Alexa Fiander Mortgage rates for a 30-year fixed mortgage fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.09 percent, down from 4.18 percent at this same time last week. The 30-year fixed mortgage rate steadily declined last week, dropping to as low as 4.07... Continue Reading »

Home Prices Cool in December as Sales Slip

Daniel Acker/Bloomberg via Getty Images By CHRISTOPHER S. RUGABER WASHINGTON -- U.S. home prices slipped from November to December, and the year-over-year increase slowed, likely a result of weaker sales at the end of last year. Real estate data provider CoreLogic said Tuesday that prices slipped 0.1 percent in December.... Continue Reading »

Mortgage Rates Slip as Home Prices, Sales Fall

Daniel Acker/Bloomberg via Getty Images WASHINGTON -- Average U.S. rates for fixed mortgages slipped this week as new data showed a decline in home prices in November and a drop in new homes sales last month. Mortgage buyer Freddie Mac says the average for the 30-year loan fell to 4.32 percent from 4.39 percent last week.... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Rates Dip

zillow Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.18 percent, down from 4.23 percent at this same time last week. The 30-year fixed mortgage rate remained stable for the majority of the week, peaking on Wednesday at 4.26 percent... Continue Reading »

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