The average 30-year fixed-rate mortgage started the decade at about 7.5% in 1971 (the earliest year for which data is available), according to Freddie Mac. By 1979, the rate had risen to an average of ...
Locking in one of today's lower mortgage rates may make sense, experts say, but there are some items to know first.
The average rate on a 30-year U.S. mortgage edged lower this week, staying relatively close to its low for the year.
Homebuyers are feeling the impact of heightened mortgage rates and the rising cost of housing. The housing market has faced persistent challenges over the past few years. Soaring home prices and ...
With another Fed rate cut looming, it helps to know the recent history behind rate cuts and mortgage rate reactions.
So far this year, average mortgage rates have stayed stubbornly high, bouncing between 6.5% and 7%, as financial markets weigh the risks of both higher inflation and an economic slowdown. Most ...
In response to mounting warning signs from the labor market, the Federal Reserve is preparing to cut its benchmark interest rate for the first time in nine months. Most economists and investors ...
Subprime mortgages, for those with low credit scores, carry high interest rates. Learn how they work, risks, and potential impacts on your financial future.
Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...