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Mortgage rates: According to Bankrate’s weekly survey of large lenders, the average 30-year mortgage rate as of August 7 was 6.59 percent. Forecast for mortgage rates and types
After more than two years of steady declines, rates for 30-year fixed-rate mortgage loans reached a record low of 2.7% at the end of 2020, according to data from Freddie Mac. By the week ending ...
The housing market has been rapidly evolving. Home prices surged in 2020 as mortgage rates plummeted, and over the past couple of years, we've seen a slight cooling of the market as mortgage rates...
Image source: Getty Images. High-yield savings accounts and CDs are offering the highest interest rates that consumers have seen in years. This is mainly due to the inflationary environment and ...
Some experts are predicting that rates could even drop below 6% on some 30-year fixed-rate mortgages or hover between 6.1% and 6.9%. When inflation goes up, the Fed hikes interest rates so when ...
At the end of the day, while a lot of this is educated guesswork, the one certainty is that interest rates are going to be solidly in the Fed’s crosshairs if Biden has four more years.