I sat down with Quicken Loans VP of Marketing Strategy and Business Channel Strategy, Graham Skidmore, to see what he had to say about the direction of mortgage rates. He has some stellar advice for folks out there looking to refinance their current mortgage or buy their first home.
It’s been a month of low rates sneaking higher every week. How much did they climb this week? Read the primary mortgage market survey to find out!
After months of dropping mortgage rates, we’ve seen rates inch higher for weeks. Rates are still low in historical comparison, but there’s no telling how much longer they’ll stay at these low levels.
Fixed mortgage rates followed long-term government bond yields higher following a growing market sentiment that the Federal Reserve may lessen its accommodative policy stance. Improving economic data may have encouraged those views.
Fixed-rates moved up for the third consecutive week, with the average 30-year fixed-rate mortgage about a quarter-percentage point higher than three weeks ago. While this may slow some of the refinance momentum, rates are nonetheless low and home-buyer affordability high.
After over a month of record-low mortgage rates, we’ve seen low mortgage rates creep a little higher for two weeks in a row. Read the details in this week’s Primary Mortgage Market Survey.
Rates are still very low. Maybe it’s time to consider refinancing. Here are a few reasons why you should consider refinancing right away.
Unfortunately, mortgage rates have reversed their recent trends and have risen this week according to the Primary Mortgage Market Survey. Read on to find out how much they’ve risen.
Many Americans have the opportunity to refinance at lower rates but are refusing. Why might they be turning down guaranteed monthly savings?