Mortgage Rates Drop Slightly

Mortgage rates have been seesawing in recent weeks. Overall rates inched down this week with the 30-year fixed-rate mortgage, the most popular choice among homebuyers, averaging 4.29 percent, Freddie Mac reports in its weekly mortgage market survey. Freddie Mac reports the following national … [Read more...]

Will Mortgage Rates hit 5%?

The big question for homebuyers is when interest rates will begin to rise to the 5% mark. The effect of a rise in mortgage rates could be a dramatic increase in the monthly mortgage payment when purchasing a home. In an article last week, HousingWire quoted two different sources regarding this … [Read more...]