Interest rates surged following the election of Donald Trump last Tuesday. The common 30-year fixed-rate mortgage rose to 3.95% last week, up from 3.77% the week prior, the Mortgage Bankers Association reported Wednesday. Rates on mortgages Sky rocket Post Election Because of this, mortgage ... » Learn More about Rates on mortgages Sky rocket Post Election
Interest Rates
A credit card’s impact on credit scores changed
Trying to get a home loan? You may want to consider paying off your credit card bill first. As a result of the latest change by major credit rating agencies, mortgage lenders are now able to examine whether you pay the balance of your bill on a monthly basis or keep a balance. Which means home ... » Learn More about A credit card’s impact on credit scores changed
Interest rates Cheaper Today, Yet Greater than a Week Ago
Mortgage Interest Rates managed to make modest gains today, moving just slightly lower for the average lender. That's a welcome development after 10 straight days of higher rates, but it's more of a symbolic victory for now. Reason being: many lenders are quoting the exact same rates as yesterday, ... » Learn More about Interest rates Cheaper Today, Yet Greater than a Week Ago