Mortgage Rate

When you get a mortgage, you agree to pay off your loan over a certain period of time. It could be 15, 20, or 30 years – or a different length of time that your mortgage lender accepts. But you can, at some point, decide to repay your mortgage early. …

Mortgage rates could rise if US Congress fails to raise debt ceiling, says … [+] at Moody’s Analytics. getty Buried in a 10-page Moody’s Analytics report detailing the catastrophic economic impact if Congress doesn’t raise the debt ceiling – for starters, a US default could wipe out 6 million jobs …

Mortgage rates jumped this week. This may be just the start of an uptrend. The average rate on the popular 30-year fixed-rate mortgage just passed 3% earlier this week, then jumped 9 basis points Thursday to 3.10%, according to Mortgage News Daily. The rate was 2.93% a week ago. The …

The number of Americans seeking unemployment assistance rose last week for a second straight week to 351,000, a sign that the delta variant of the coronavirus could disrupt the labor market recovery, at least temporarily. Thursday’s Labor Department report showed jobless claims rose 16,000 from the previous week. As the …

Jim Lane / Getty A variety of major mortgage rates have grown today. While 15-year fixed mortgage rates have fallen, interest rates on 30-year fixed mortgages have increased. The average rate for the most common type of variable rate mortgage, the 5/1 variable rate mortgage, has increased. Mortgage interest rates …

Mortgage rates were surprisingly stable today as the bond market reacted to a new Fed policy announcement. Maybe “reacted” is the wrong word given the market response. Specifically, the bond market (which dictates interest rates on mortgages and beyond) was hard to distinguish from most other random trading days. It …

The volume of first mortgage applications increased 4.9 percent on a seasonally adjusted basis for the first full week after Labor Day. The Mortgage Bankers Association (MBA) reports that its Composite Market Index, a measure of the volume of mortgage applications, rose 16% during the week ended September 17. The …

The time of dreams If you are wondering where the summer of 2021 has gone, you are not alone. It went fast and now it’s officially over. However, the past summer brought back tons of familiar activities and normalcy for many of us. For example, the start of a new …

New COVID stimulus checks are on their way for some U.S. workers After a long year and a half, many Americans are hoping the worst economic pain from the pandemic is behind them. But some of the hardest hit workers whose jobs are seen as essential are still in shock. …

Representative Alexandria Ocasio-Cortez will present a bill to extend the benefits of the PUA, which expired in September. The bill would increase the amount of weekly benefits and provide additional weeks of benefits for the self-employed, concert workers and the self-employed cont (iStock) Representative Alexandria Ocasio-Cortez (DN.Y.) announced at a …