At the current average 30-year fixed mortgage rate
While a low mortgage rate
would appear to benefit the economy by allowing homeowners to pay less each month and potentially entice new buyers, extremely strict approval standards mean that the bulk of Americans can't take advantage of low rates.
Answers allow users to post specific questions about a neighborhood, mortgage rate
or rental, and access a living repository made up of real life experience, advice and opinion.
Borrowers should read their loan agreements carefully to understand what will spark an increase in their mortgage rate
and by how much.
Freddie Mac's survey is the second in two days that charted a mortgage rate
ca Mortgage Rate
Outlook Panel is made up of the country's top mortgage experts.
At present, fixed-rate long-term mortgage rates
are still near record lows, offering homebuyers the security of a low mortgage rate
over an extended time period.
A An ARM--short for adjustable rate mortgage--means that the mortgage rate
is flexible based on current market interest rates.
The perception of future increases in mortgage rates
as the economy improves may be what is driving the gain in share of the entry-level segment, which tends to be more reactive to changes in mortgage rate
All that has inspired homeowners to lower their mortgage rate
in record numbers, some several times.
Last week's record-low mortgage rate
environment prompted a second consecutive record for home loans and refinances, an industry tracker said Wednesday.
The yield on the 10-year Treasury note dipped below the 2 percent mark and the benchmark 30-year fixed mortgage rate
pulled back below the 4 percent mark.