Average mortgage rates open the week with a continued inching down on popular 30-year and 15-year terms as of Monday, June 17, 2024, after last week’s Fed meeting, where officials held the benchmark interest rate unchanged at a 23-year high. The current average rate for a 30-year fixed mortgage is 7.01% for purchase and for
If it weren’t for loans backed by the Federal Housing Administration (FHA), it’s likely that thousands upon thousands of people wouldn’t have been able to afford to buy their first home. Over the past 90 years, FHA-insured mortgages have enabled lenders to accommodate underserved households. Yahoo Finance has researched lenders offering FHA loans, examined the
File photo of an HSBC bank in Covent Garden (PA Wire) Two of Britain’s biggest mortgage lenders both cut the cost of their fixed rate deals today in a hopeful sign for borrowers and first time buyers. HSBC said that from tomorrow it will be cutting rates across its full range of products although it