The Federal Reserve hiked short-term interest rates last Wednesday in a move largely predicted by economists, and it also suggested that three more additional increases could occur in 2017. So how exactly does this affect rates on mortgages. Will Fed interest rate increases raise rates on ... » Learn More about Will Fed interest rate increases raise rates on mortgages?
Interest Rates
30-year mortgage rate rises yet again – to 4.16%
Two out of three (62.5%) mortgage experts polled by Bankrate.com this week think the mortgage rate will continue to rise over the short term, and 25% foresee little change. Only 12.5% forecast a decline. 30-year mortgage rate rises yet again - to 4.16% Long-term U.S. rates on ... » Learn More about 30-year mortgage rate rises yet again – to 4.16%
Mortgage rates hike assist and impair home buyers
With mortgage rates ticking up as investors anticipate the Federal Reserve raising interest rates in December, the expense of borrowing is increasing, and that's leading some new home buyers to speed up their purchases while discouraging homeowners from refinancing existing ... » Learn More about Mortgage rates hike assist and impair home buyers
Conforming Mortgage Levels Increase for 2017
The federal government is increasing the levels for conforming mortgages from $417,000 to $424,100 in most areas of the United States starting Jan. 1, 2017, the Federal Housing Finance Agency announced last Wednesday-the first such increase since 2006. Conforming Mortgage Levels Increase for ... » Learn More about Conforming Mortgage Levels Increase for 2017
Buyers fearful of rising rates? Lets put it in proper perspective
Home-buyers currently have challenges, and rising rates on mortgages have sparked concerns that they could stall some sales if the buyers already faced financial constraints right after the 30-year fixed-rate mortgage hit its highest level in more than a year last week. "It's kind of sad, because ... » Learn More about Buyers fearful of rising rates? Lets put it in proper perspective