Some mortgage rates have increased today, while others have decreased. However, the longer-term trends show that rates are dropping overall. Zillow data shows that the current 30-year mortgage rate is 6.01%. This is 18 basis points lower than this time last week, 51 points lower than this time last month, and 59 points lower than
The Mortgage Calculator The Mortgage Calculator Already Starts Dropping Interest Rates as The Fed Eyes Rate Cuts With the Fed indicating potential rate cuts, we want our clients to benefit. Our mission is to help our clients achieve their homeownership dreams, and these rate reductions are a testament to that.” — Nicholas Hiersche – President
Mortgage rates are all over the place today — there hasn’t been a clear shift upward or downward since yesterday. For example, Zillow data shows that the average 30-year fixed mortgage rate is down five basis points at 6.01%, the 20-year fixed rate hasn’t changed and sits at 5.69%, and the 15-year fixed rate increased
By Rishav Chatterjee (Reuters) – Commonwealth Bank of Australia, the country’s biggest lender, cut interest rates for some of its home loan products for new customers on Friday, stoking fears of spurring intense competition in the local mortgage market. CBA shares, which fell as much as 0.5% earlier in the day, reversed losses and ended
By Cynthia Kim and Jihoon Lee SEOUL (Reuters) – South Korea’s central bank kept interest rates unchanged for a 13th straight meeting on Thursday, as policymakers prioritised the need to keep stubborn inflation in check even as the case for rate cuts later this year grows. The Bank of Korea held its benchmark interest rate
Ken Leech, the longtime Western Asset Management chief investment officer, left that role amid probes from the Justice Department and Securities and Exchange Commission into whether some clients were favored over others in allocating gains and losses from derivatives trades. Leech, who manages some of the largest bond strategies in the US, will take an
Netflix stock just hit an all-time high. On Tuesday, shares of the streaming giant soared past their 2021 record intraday high of $701 to trade around $710. The moves come as investors applaud the company’s foray into live sports while its ad-supported tier continues to gain traction, with the company revealing in a blog post
Brisbane dad Sean Callery said he was surprised after his home loan was extended to 30 years when refinancing. (Source: Supplied) An Aussie dad has revealed the “costly trap” that added tens of thousands to his mortgage. Skyrocketing interest rates are prompting many borrowers to refinance to a lower rate, but there is one common
SAN ANTONIO – Summertime in San Antonio is usually a busy time for the real estate market, but that has not been the case this summer, now that interest rates have dropped, the housing market has seen more movement. Imagine saving hundreds of dollars on your monthly mortgage, that sounds like a dream, right? According
FG Trade Latin / iStock.com Tyler End, CEO and Co-Founder of Retirable, who is a Certified Financial Planner, had someone come in [to his office] a couple of years ago. They said, “‘Hey, we really want to buy a house,’ but they had all these little debts [that could impact their interest rates],” said End. Explore