Mortgage, Interest Rate
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The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.82% from 6.77%; Applications for a mortgage to
Mortgage interest rates are consistently declining again. Here are three things homebuyers should do in response.
Mortgage application volume tumbled last week as rising interest rates — nudged higher by fresh tariff concerns — put the brakes on both refinance and purchase activity, according to the Mortgage Bankers Association’s (MBA) latest Weekly Mortgage Applications Survey.
The average rate on 30-year fixed home loans decreased to 6.67% for the week ending July 3, down from 6.77% last week.
For today’s segment, we here at 7News will look at Lawton’s housing market, with numbers courtesy of Parks Jones Realtors.
The governor of the Bank of England has hinted at a cut in rates thanks to the government’s decision to tax jobs. James Moore shares the welcome news that mortgages will get cheaper – but adds a note
Inflation has risen to 3.6% in June in what is being described as a 'hammer blow' for homeowners and borrowers.
High housing costs, soaring interest rates, and a shortage of available homes continue to challenge potential buyers across the country. With 30-year mortgage rates nearing 7%, many are left wondering about relief.
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