Mortgage

Mortgage rates continued their descent this week in a trend accompanied by an uptick in home-purchase demand, but elevated home prices remain a barrier to many would-be buyers. Freddie Mac’s latest Primary Mortgage Market Survey released Thursday showed that the average rate for the benchmark 30-year fixed-rate mortgage fell to…

Mortgage rates continued their steady decline as the 30-year mortgage slipped to nearly 7%, but buyers are feeling less enthusiastic, according to Freddie Mac. The average 30-year fixed-rate mortgage was 7.03% for the week ending Dec. 7, according to Freddie Mac’s latest Primary Mortgage Market Survey. That’s a decrease from the previous…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…

Mortgage rates fell again this week, continuing a downward trend that has sparked a recent uptick in demand and fueled hopes that more homeowners will be willing to sell amid an ongoing inventory shortage. Still, affordability struggles remain. Freddie Mac reported Thursday that the average rate on the benchmark 30-year…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…

Mortgage rates dropped for the fifth consecutive week to entice buyers back, but homes remain in short supply, according to Freddie Mac.  The average 30-year fixed-rate mortgage was 7.22% for the week ending Nov. 30, according to Freddie Mac’s latest Primary Mortgage Market Survey. That’s a decrease from the previous week…

Millennials in particular seem to be hurting from higher mortgage interest rates after missing the window for historically-low rates during the pandemic, according to a recent report. In 2021, homeowners were looking at an average 30-year fixed mortgage rate of roughly 3%. Fast-forward almost two years, the rate has more…

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