Today: 5. Nov, 2024
In a surprising turn of events, the average rate on the popular 30-year fixed mortgage has soared past the 7% mark, reaching 7.04% on Monday for the first time since December, as reported by Mortgage News Daily. This significant increase follows a…
The world of mortgages witnessed a surprising turn last week. The adjustable-rate mortgage (ARM), a mortgage whose interest rate is periodically adjusted based on specific indices, saw a spike in demand. This move was in direct contrast to the fixed mortgage rates,…
While the 30-year fixed mortgage, the most common form, saw a rate reduction for the third consecutive week, there was little change in the overall mortgage demand. The Mortgage Bankers Association’s seasonally adjusted index indicated a slight increase in total mortgage application…
