Mortgage rates won’t drop signifcantly in the next few months, but you don’t have to put off your homebuying plans. The mortgage rates you see advertised online are simply averages based on what borrowers are being offered at a given time. Depending on your financial profileyou could qualify for a significantly lower rate. By taking … Read more
President Donald Trump’s announcement last week of an aggressive wave of reciprocal tariffs on multiple countries and a 10% universal import tax triggered massive stock market chaos. The move also escalated fears of inflated consumer prices, a global trade war and a recession. It’s unclear how these duties will upend supply chains and affect interest … Read more
Mortgage rates have fluctuated in a narrow range over the last several weeks, with the average 30-year fixed rate beginning and ending March at 6.75%, according to Bankrate data. “The keyword right now is uncertainty… Mortgage rates are in a holding pattern of sorts.” Colin Robertson, founder of mortgage news site The Truth About Mortgage … Read more
Today’s top CDs earn up to 4.65% APY. The Fed’s rate pause yesterday means APYs should remain high for a bit longer. Banks can still adjust their rates anytime, so locking in your APY now can help protect your earning potential. As expected, the Federal Reserve held interest rates steady at yesterday’s Federal Open Market … Read more
There’s a lot of uncertainty in today’s economybut one thing is certain: The Federal Reserve isn’t planning to lower interest rates before the spring homebuying season. If you’re in the market for a new home, average mortgage rates are projected to stay above 6% for a while. “While the Fed certainly can influence mortgage rates, … Read more
If you’re a fellow Zillow doom-scroller, you’ve probably noticed that home prices rise over time. Sometimes the cost of housing skyrockets during economic booms or dips during downturns, but generally, home prices go up a few percentage points a year. My husband and I had put off buying our “forever home” for some time, holding … Read more
