Mortgage rates reach 7.28% — the highest point in almost 3 years
US Mortgage Rates Reach Three-Year High This week, the average long-term mortgage rate in the United States surged to its highest point in nearly three years. According to mortgage buyer Freddie Mac, the benchmark 30-year fixed-rate mortgage climbed to 7.28%, an increase from 7.03% just a week ago. This marks the most significant jump we’ve […]
Mortgage rates increase to 7.28%
Mortgage Rates Hit New Highs According to Freddie Mac, mortgage rates have risen to their highest level since November 2023. The latest Primary Mortgage Market Survey released by Freddie Mac on Thursday shows that the average rate for a 30-year fixed mortgage increased to 7.28%, a notable jump from the previous week’s 7.03%. To put […]
September sees record-high price reductions as mortgage rates rise
Challenges in the U.S. Housing Market Ryan Payne has sounded the alarm about the U.S. housing market, suggesting it’s facing a significant challenge due to a shortage of as many as 5 million homes. Meanwhile, Ed Brady, the Home Builders Institute President and CEO, emphasizes an urgent need to attract more individuals to skilled trades. […]
Considering retirement with a mortgage? Here’s when it might be wise to use retirement savings to pay it off.
Retiring while still having a home loan can be quite challenging. It puts pressure on borrowers to make a tough choice: Should they tap into their retirement savings to pay off the debt, or keep up with the monthly payments and safeguard their savings? There’s really no one-size-fits-all answer here. Continuously paying down a home […]
Mortgage rates exceed 7% for the fifth consecutive week
This week, the average long-term mortgage rate in the US climbed above 7% for the first time since January 2025, marking another affordability hurdle for potential homebuyers. After five consecutive weeks of rising rates, the 30-year fixed mortgage rate increased to 7.03%, up from 6.95% last week, according to Freddie Mac. A year ago, the […]
Mortgage rates increase to 6.71%
Mortgage Rates Hit Highest Level in Over a Year Freddie Mac reported on Thursday that mortgage rates rose to their highest point in more than a year. The average rate for a 30-year fixed mortgage has increased to 6.71%, up from last week’s 6.66%. This marks the highest rate since July 31, 2025, when it […]
Mortgage rates decrease to 6.65%
Mortgage Rates Drop for Second Consecutive Week Freddie Mac reported on Thursday that mortgage rates have fallen for the second week in a row. According to their latest Primary Mortgage Market Survey, the average rate for a 30-year fixed mortgage decreased to 6.65%, down slightly from 6.67% last week. To put this into perspective, the […]
These 3 Monthly Dividend ETFs Can Pay for the Average American Mortgage, Here’s What You Need to Invest
Bankrate’s recent survey on Purchase Loan Tracking reveals that as of mid-2026, the average mortgage payment in the U.S. stands around $2,100 monthly. Interestingly, three ETFs, focused on monthly salary income, can generate sufficient cash flow—typically in the low to mid-six digits—to cover these payments based on current distribution rates. These funds are the NEOS […]
Mortgage rates decrease following positive inflation updates
Mortgage Rates Hit Three-Week Low On Thursday, mortgage rates dropped to a three-week low, following a decline in bond yields. Recent data from the Bureau of Labor Statistics showing a slight easing in inflation since June has sparked optimism that the central bank might hold off on raising rates in its upcoming meeting on September […]
Mortgage rates drop to 6.67%
Mortgage Interest Rates Dip for the First Time in Weeks Freddie Mac announced on Thursday that mortgage interest rates have fallen, marking the first drop in six weeks. The latest Primary Mortgage Market Study revealed that the average interest rate for a 30-year fixed mortgage decreased slightly to 6.67%, down from 6.69% the previous week. […]