Homebuyers feel good about where mortgage rates are headed: Fannie Mae
For the first time in two years, homebuyers feel positive about mortgage rates. (iStock) Consumers’ optimism about buying a home is at its highest level in nearly two years, thanks to stable employment and easing mortgage rates, according to a Fannie Mae survey. Major mortgage lenders in January Home Purchase Sentiment Index® (HPSI) It rose […]
This week’s personal loan rates fall for 5-year loans
Here at Credible Operations, Inc. (NMLS No. 1681276) (hereafter referred to as “Credible”), our goal is to give you the tools and confidence you need to improve your finances. We promote the products of financial institutions we work with in exchange for our services, but all opinions are our own. Weekly updates on the latest […]
Mortgage demand tumbles as interest rates rise to highest level since December
Realtor.com Chief Economist Daniel Hale analyzes housing affordability on “Maria Bartiromo’s Wall Street.” Important measures home purchase The number of applications decreased last week due to a sharp rise in mortgage interest rates. Mortgage Bankers Association (MBA) Index Applying for a mortgage loan New data released on Wednesday showed that stocks fell 2.3% in the […]
Inflation Rates Continue To Increase In Latest January Report
(Photo by Win McNamee/Getty Images) OAN’s James Myers8:05am – Tuesday, February 13, 2024 The latest inflation report showed that inflation rose more than expected in January, due in part to food and housing costs. advertisement The Labor Department said Tuesday that the consumer price index, which measures the price of daily necessities including gasoline, food […]
This week’s personal loan rates decrease for 3- and 5-year loans
Here at Credible Operations, Inc. (NMLS No. 1681276) (hereafter referred to as “Credible”), our goal is to give you the tools and confidence you need to improve your finances. We promote the products of financial institutions we work with in exchange for our services, but all opinions are our own. Weekly updates on the latest […]
Do Interest Rates Even Matter?
foul is fair market “Fair is foul, foul is fair” sounds like Shakespeare’s version. “Good news is bad news.” In recent months, financial markets have been reacting to the good news of increased consumer spending. I got more work than I expected! Wages will go up!—It’s like being hit with a poisoned arrow. The reason, […]
Mortgage rates stagnate, hobbling affordability as spring buying season looms: Freddie Mac
Mortgage rates are not rising fast enough to alleviate affordability issues. (iStock) According to Freddie Mac, mortgage rates are stable in the mid-six range and show little sign of falling. The average interest rate on a 30-year fixed-rate mortgage for the week ending February 8 was 6.64%, according to Freddie Mac’s latest research. Primary mortgage […]
Federal Reserve still hesitant to cut interest rates though inflation is nearly back to 2%
WASHINGTON (AP) — From Wall Street traders to auto dealers to home buyers, Americans are eager for the Federal Reserve to begin lowering interest rates and easing the burden on borrowers. The Fed is widely expected to do so, perhaps several times this year. Inflation rose at an annual rate of about 2% (the Fed’s […]
Mortgage rates rise slightly as homebuyer sentiment tanks
Conference Board Chief Economist Dana Peterson says in Making Money that the LEI is great for the commodity economy. Mortgage rates rose slightly this week, with 30-year fixed-rate bonds continuing to hover in the mid-6% range. The sluggish housing market suggests consumers are still looking to hold off on moving until interest rates come down, […]
This week’s personal loan rates lower for 3- and 5-year loans
Here at Credible Operations, Inc. (NMLS No. 1681276) (hereafter referred to as “Credible”), our goal is to give you the tools and confidence you need to improve your finances. We promote the products of financial institutions we work with in exchange for our services, but all opinions are our own. Weekly updates on the latest […]