How to use a bolt, nut, screw gauge Using a bolt, nut and screw gauge takes the guesswork out of your project, helping you quickly identify the exact size you need. Rates for home loans dipped, but consumers’ economic uncertainty continues to weigh down the housing market. In the week ending May 1, 30-year fixed-rate
Applying for a mortgage can be difficult, especially for people with nontraditional income sources, like self-employed workers, small business owners, gig workers, freelancers and anyone else who doesn’t receive a W2 from an employer. “The typical mortgage broker has a checklist,” Keith Hall, president and director of the National Association for the Self-Employed (NASE), told CNBC
Mortgage rates fell sharply this week, offering a rare window of relief for homebuyers and homeowners looking to refinance. The national average 30-year fixed mortgage rate dropped 28 basis points over the last week, landing at 6.59% as of today, according to Zillow. The 15-year fixed rate also declined by 27 basis points, reaching 5.91%.
Fears of an economic slowdown are expected to prompt a Bank of England rate cut next week – with more to follow – leading to potentially big savings for millions of mortgage borrowers The Bank of England could slash its base rate to 3.75% this year in a boost to the home sales(Image: Yui Mok/PA
Homebuyers continued to retreat last week despite relatively stable mortgage rates as broader concerns about the economy and labor market weighed on demand. Mortgage applications to purchase a home fell 4% from the previous week, according to the Mortgage Bankers Association — marking the slowest pace of activity since February. The seasonally adjusted index showed
Mortgage rates might pogo up and down in May. By the end of the month, they could rise due to tariff-related inflation or fall in response to a tariff-induced economic slowdown. Keep in mind that we’re in exceptionally unpredictable times. Mortgage rates will probably be volatile in May, “because of growing uncertainty in the economy.
On an unadjusted basis, the index decreased 4% compared with the previous week. The refinance index decreased 4% from the previous week and was 42% higher than the same week one year ago. The refinance share of mortgage activity remained unchanged at 37.3% of total applications from the previous week. “Refinance activity dipped again, as
The Trump administration moved swiftly to deliver its deregulatory agenda to the mortgage industry in the president’s first 100 days. Some of those many changes could lead to lower housing costs, following President Trump’s day one executive order to address the constrained housing market. Other rollbacks of Biden-era initiatives and politically motivated actions however will
More British homeowners are opting for equity release, a report has found. The Equity Release Council reported a 32% increase between the first quarter of 2024 and the same period this year. It is the fourth successive quarter of growth recorded by this market. David Forsdyke, head of later life finance at Knight Frank Finance,
A reader wonders whether their recent drop in income will affect their mortgage options Is the mortgage market turbulence getting you down? Have you got a mortgage-related question you need answering? Email in and we’ll get one of our experts to reply. Nick Mendes, mortgage technical manager at John Charcol, has given his advice to