If you are in the home market, it is understandable to wonder when the mortgage rates will decrease. While interest rates may not fall to 3% again, what about 4%? Even before the Covid-19 pandemic, the percentages lingered at or below 4%. The average interest rates for a 30-year-old fixed interest rate mortgage increased over … Read more
After nearly a week of reduction, mortgage interest rates are again archived again. According to Zillow, the average 30-year fixed mortgage has increased by eight basic points to 6.79%and the 15-year fixed percentage has grown by 10 basic points to 6.11%S These increases may be due to the comments of Federal Reserve President Jerome Powell … Read more
In 2021, the average 30-year mortgage rate fell below 3%-now it is well over 6%. If you are in the market for a mortgage loan, you may be wondering if you should wait until the interest rates fall significantly before you buy a house. When will the mortgage percentages finally fall close to the brand … Read more