Sunday, 26 January, 2020

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Category: The Mortgage Reports


Mortgage rates forecast for February 2020 Mortgage rates started 2020 with a bang. The average 30-year mortgage rate hit a three-month low in late-January, touching 3.60% according to Freddie Mac. Can rates go lower? Some think so. Economic factors and world events are suppressing interest rate levels. But home buyers and refinancing homeowners shouldn’t become complacent. Rates could jump at Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates fell again yesterday, as we predicted. It wasn’t a huge drop. But it took them to new three-month lows, and keeps them firmly in the ultralow zone. So far this morning, markets seem to be taking a break from their more panicky Wuhan coronavirus worries. And some are regaining a Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates just inched down yesterday, in line with our prediction. In doing so, they set a three-month low and remain close to a three-year one. Today might see further moves toward that low. Yesterday, markets took a break from their fears over the Wuhan coronavirus. But those concerns seem to be Read more…


The real estate agent disconnect A new survey shows that most Americans see real estate agents as a valuable asset on their home buying and selling journeys. But for the most part? Consumers aren’t putting in the effort to find the right agent for the job.  In fact, according to new data, more than a third of recent home buyers Read more…


The real estate agent disconnect A new survey shows that most Americans see real estate agents as a valuable asset on their home buying and selling journeys. But for the most part? Consumers aren’t putting in the effort to find the right agent for the job.  In fact, according to new data, more than a third of recent home buyers Read more…


What’s the average mortgage payment? The average mortgage payment is just over $1,500 per month, according to the U.S. Census Bureau. That might seem like a high price to pay. But believe it or not, average mortgage payments are almost equal to the cost of renting. National average rents clocked in at $1,476 in October. Even better, mortgage payments are Read more…


Forecast plus what’s driving mortgage rates today Markets were closed yesterday for the Martin Luther King Jr. holiday, and this report did not appear. Average mortgage rates nudged higher on Friday, as we predicted. Of course, the tiny rises on Thursday and that day still leave those rates very low by almost any standards. And a couple of mildly disappointing Read more…


Rents rise in 91% of cities There’s more bad news for renters. According to new data, rents rose yet again in 91% of the country’s biggest cities. At the top of the list? That’d be Phoenix, with a nearly 10% uptick in rents over the last year.  Verify your new rate (Jan 21st, 2020) The biggest rent spikes in the Read more…


Should I pay off my mortgage early? Being debt-free is a top financial goal for most Americans — and a mortgage is the biggest debt most people will ever have. With that, it makes sense to want to pay off your mortgage early. Yet many Americans are opting to keep their mortgage rather than paying it off as soon as possible. Read more…


Should I pay off my mortgage early? Being debt-free is a top financial goal for most Americans — and a mortgage is the biggest debt most people will ever have. With that, it makes sense to want to pay off your mortgage early. Yet many Americans are opting to keep their mortgage rather than paying it off as soon as possible. Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates just inched higher yesterday, as we predicted. Still, only Wednesday’s even lower level stops Thursday being the lowest average in way more than a month. And they’re still close to their three-year lows. » MORE: Check Today’s Rates from Top Lenders (January 17, 2020) Markets this morning are not looking Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates edged down again yesterday, as we predicted. That takes them close to their three-year low. Today, markets seem to be moving in ways that are mildly unfriendly to mortgage rates. This morning’s retail figures were roughly in line with expectations, which might have cheered up investors. »RELATED: Will Mortgage Rates Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates edged down again yesterday, as we predicted. That takes them close to their three-year low. Today, markets seem to be moving in ways that are mildly unfriendly to mortgage rates. This morning’s retail figures were roughly in line with expectations, which might have cheered up investors. »RELATED: January 2020 Mortgage Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates edged down again yesterday, as we predicted. That takes them close to their three-year low. Today, markets seem to be moving in ways that are mildly unfriendly to mortgage rates. This morning’s retail figures were roughly in line with expectations, which might have cheered up investors. »RELATED: January 2020 mortgage Read more…


Forecast plus what’s driving mortgage rates today Average mortgage rates edged down again yesterday, as we predicted. That takes them close to their three-year low. Today, markets seem to be moving in ways that are mildly unfriendly to mortgage rates. This morning’s retail figures were roughly in line with expectations, which might have cheered up investors. »RELATED: Mortgage Interest Rates Read more…