March 28, 2024
Mortgage

PNC Bank mortgage review 2024

The Yahoo view: A good choice for borrowers, particularly on the East Coast, PNC Bank offers first-time home buyers grants, PMI-free loans, and medical professional loans. PNC has some in-depth tools for first-time home buyers, a competitive home equity line of credit — and some unique transparency with its mortgage rates. Two areas that could

Read More
Mortgage

Mortgage rates to drop below 4pc ‘within weeks’

Fixed mortgage rates are expected to dip below 4pc within weeks, following lower-than-expected inflation figures and an upbeat outlook from the Bank of England. Experts said lenders were poised to trim five-year mortgage rates as they react to an improving economic picture, easing affordability pressures on borrowers and fuelling optimism among homeowners. The Bank of

Read More
Mortgage

Home Sellers Disappointed by Biden’s $10,000 Tax Credit

Homeowners like MacKenzie Kipp who capitalized on historically low mortgage rates during the pandemic would stand to lose a substantial amount of money under President Joe Biden‘s proposed $10,000 tax credit for selling their starter homes. In an effort to ease the housing market’s tight inventory and support homeowners looking to upgrade, Biden announced a

Read More
Mortgage

Rates trend toward 7% on 30-year, 15-year terms to end week

Mortgage rates on 30-year terms continue their climb back to nearly 7.0% as of Friday, March 22, 2024, in the wake of the Federal Reserve’s hold on the benchmark interest rates. The Fed concluded its most recent meeting this week by holding the federal funds target interest rate at 5.25% to 5.50%, the fifth consecutive

Read More
Mortgage

Mortgage rates clock in at 6.87%, will remain higher for longer, experts say

Mortgage rates surged closer to 7% this week, a blow to hopeful homebuyers this spring. The rate on the 30-year fixed mortgage increased to 6.87% from 6.74% the week prior, according to Freddie Mac. Rates tilted higher as inflation remained hotter than expected, leading to the Fed putting off any potential rate cuts until summer.

Read More
Loans

More Americans tried for mortgage loans in February, NY Fed report finds

By Michael S. Derby (Reuters) – Americans applied for mortgage credit in greater numbers over recent months even as they faced greater headwinds in getting those loans, new data from the Federal Reserve Bank of New York released Monday said. The bank’s report said that the overall application rate for credit increased to 43.4% in

Read More
Finance

Homebuilder confidence hits highest level since July as mortgage rates soften

Homebuilders are more confident about the housing market amid softening mortgage rates and limited supply. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose three points to 51 in March, marking the fourth consecutive month that sentiment gained and the highest level since July 2023. Economists polled by Bloomberg were anticipating

Read More
Mortgage

Which first-time home buyer scheme is right for me?

It’s never been harder for a first-time buyer looking for a home. Photo: Getty (Nuttawan Jayawan via Getty Images) With the average UK property price sitting at £284,691 in December 2023, mortgage rates increasing from their historic lows and rents up by over 6% annually across the country, it’s never been harder to be a

Read More
Loans

China February new bank loans dip more than expected, lending growth at record low

Chinese national flags flutter at Tian’anmen Square ahead of the annual two sessions on Feb. 29, 2024 in Beijing, China. New bank lending in China fell more than expected in February from a record high the previous month, even as the central bank seeks to spur sluggish economic growth and fight deflationary pressures. Vcg |

Read More
Mortgage

Mortgage Interest Rates Today, March 17, 2024

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. Mortgage rates are up compared to where they were a week ago. Average

Read More