Today’s Mortgage Rates Moves Over 6% | May 19, 2022

Borrowers will see higher rates on most loan types today. The average rate on a 30-year fixed-rate mortgage moved up 0.208 percentage points to 6.17%. The average rate on a 5/1 adjustable-rate loan increased 0.049 percentage points to 4.44%. On the other hand, the average rate on a 15-year mortgage ticked 0.015 percentage points lower … Read more

Today’s Mortgage Rates Edge Closer to 6% | May 18, 2022

Mortgage rates are higher across almost all loan categories today. Homebuyers applying for a 30-year fixed-rate mortgage will see averaging rates of 5.962%. For those looking for alternatives, the 15-year fixed-rate mortgage is averaging 4.967%. Meanwhile, the 5/1 adjustable-rate mortgage is averaging 4.391%. The latest rate on a 30-year fixed-rate mortgage is 5.962%. ⇑ The … Read more

Inflation could mean a big Social Security cost-of-living adjustment in 2023

Sporrer/Rupp | Image Source | Getty Images Social Security beneficiaries started 2022 with a 5.9% cost-of-living adjustment to their monthly checks, the highest increase in about 40 years. But as inflation climbs with each month, the buying power of those benefit increases has diminished. The Consumer Price Index for all Urban Consumers, or CPI-U, rose … Read more

Today’s Mortgage Rates Inch Lower | May 17, 2022

Borrowers applying for a 30-year fixed-rate mortgage can expect an average rate of 5.85% today, down just 0.04 percentage points from yesterday. Other loan options are mostly lower as well. The 15-year fixed-rate mortgage is averaging 4.937%. While the 5/1 adjustable-rate mortgage has an average rate of 4.324% today. The latest rate on a 30-year … Read more

Today’s Mortgage Rates | December 30, 2021

Mortgage rates are trending higher today. The average rate on a 30-year fixed-rate mortgage is up 0.015 percentage points from yesterday to 3.646%. growing, rates remain very low historically speaking. Borrowers with strong credit can still find attractive rates and low monthly payments on a new mortgage or when refinancing an existing loan. The latest … Read more

Daily Mortgage Rates Rise Above 3.9% | January 18, 2022

The 30-year mortgage is starting the work week with an average rate of 3.916%. That is 0.018 percentage points higher than last week’s ending rate. All fixed-rate loan categories are higher across the board, with the rate on a 30-year refinance increasing to 4.058%. On the other hand, rates for adjustable mortgages are all lower. … Read more

Today’s Mortgage Rates Move Lower | February 1, 2022

Borrowers shopping for a 30-year fixed-rate mortgage can expect averaging rates 4.041%, a decrease of 0.026 percentage points from yesterday. Rates are lower for most other loan categories as well. The average rate for a 30-year refinance loan dropped to 5.293%, while the rate on a 5/1 adjustable-rate mortgage loan is averaging 2.566%. The latest … Read more

Daily Mortgage Rates End Week Lower | May 14 & 15, 2022

Daily average mortgage rates trended lower this week. The interest rate on a 30-year fixed-rate mortgage is now 5.788%. That’s 0.151 percentage points lower than last week and 0.066 percentage points lower than a month ago. Despite the recent decline, rates have been trending higher since the start of the year and are now a … Read more

Today’s Mortgage Rates Drop Lower | May 13, 2022

The average rate on a 30-year fixed-rate mortgage dropped to 5.788% today, moving 0.262 percentage points lower compared to yesterday. Other loan categories are seeing lower rates as well, with the 15-year fixed-rate loan averaging 4.857% and the 5/1 adjustable-rate mortgage averaging 4.242%. The latest rate on a 30-year fixed-rate mortgage is 5.788%. ⇓ The … Read more

Daily Mortgage Rates Trend Lower This Week | May 7 & 8, 2022

After a week that saw rates seesawing, the average rate for a 30-year fixed-rate mortgage ended the week at 5.939%, 0.17 percentage points lower than last week’s ending rate. Mortgage rates are expected to continue rising, although at what pace is unsure. Borrowers planning on a home purchase this year should work on their credit … Read more

Businesswebsiteindex