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Mortgage Rates

Interest Rates Jolt Higher with Economy

When 10-year treasury yields elevated above 3.25 percent early on Tuesday, they reached a 7-year high, returning to levels not seen since 2011. A controversial credit downgrade and global uncertainty would cause interest rates to tumble dramatically and remain relatively depressed until 2015, when the Federal Reserve raised interest rates from 0% to 0.25%. With […]

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Mortgage Rates Soar to Highest in 7 Years

Mortgage rates soared to their highest level in more than 7 years as the 30-year fixed rate mortgage rose for the fifth consecutive week to hit 4.72 percent today, according to Freddie Mac. The rate to borrow money on a home mortgage hasn’t been that high since April, 2011. “The robust economy, rising Treasury yields […]

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Mortgage Rates Idle with Housing Market

Mortgage rates idle in the past week as the U.S. housing market saw sales slow marginally in many areas. The rate on a conventional 30 year fixed rate mortgage averaged 4.59 percent, down from 4.60 percent a week ago, according to the Freddie Mac survey. “This stability is much needed for home sales, which have […]

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The Economic Week That Is: June 4-8

Good day, money watchers and economic brainiacs from coast to coast. This is the popular Money Examiners feature we call The Economic Week That Is. Here, we discuss the breaking news of the current week with an eye to its effect on you and your personal budget. We talk about what was and is, as […]

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Economic Week That Was: April 30-May 4, 2018

In this, the second week on Money Examiners‘ newest weekly venture, we examine the business and financial news from the previous week. What happened last week, and what do those happenings portend for the weeks and months to come. This is the economic week that was for April 30-May 4, 2018. Monday, April 30: Big Difference in […]

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Economic Week That Was: April 23-27, 2018

Your friends at Money Examiners are beginning a new weekly feature today, in an effort to give you, our loyal readers, an essential place to go every Monday morning. In this, our first edition of the economic week that was, we will highlight the major economic news of the week just past. However, since just […]

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Refinances Climb as Mortgage Rates Drop

Home refinances rose 7% last week as mortgage rates dropped to their lowest level since last November, the Mortgage Bankers Association said this morning. The 30-year fixed rate loan dipped to average 4.39%. Adjustable rate mortgages also moved slightly lower. It’s the second straight week that mortgage activity has picked-up in the U.S. housing market. […]

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