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Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
CNBC· 3 days agoWhen mortgage rates rise, consumers look for any way to lower their monthly payments, and that often...
Are higher mortgage rates enough to slow San Diego home price growth?
U-T San Diego· 1 day agoMortgage rates hit their highest point this year, 7.52 percent for a 30-year, fixed rate loan, this...
Buyers are taking on riskier adjustable rate mortgages as affordability worsens
FOX Business· 3 days agoHomebuyers in the U.S. are turning to riskier adjustable rate mortgages (ARMs) as high interest...
Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
NBC Washington· 3 days agoThe share of ARM applications rose to 7.8% of mortgage demand last week, according to the Mortgage...
APR vs. interest rate: How to tell the difference
CNN.com· 4 days agoWhen you take out a loan or a line of credit, two different terms are often used to describe how much the lender charges you: interest rate and APR. Both...
Daily mortgage rates for May 3, 2024: Rates end week elevated but calm after Fed rate pause
AOL· 1 day agoThe current average rate for a 30-year fixed mortgage is 7.36% for both purchase and refinance — down 1 basis point from 7.37% for purchase ...
Take these 12 steps as the Federal Reserve keeps interest rates high
Bankrate via Yahoo Finance· 3 days agoAnd even though the Fed appears more likely to cut interest rates than raise them, consumers are...
Average long-term US mortgage rate climbs for fourth straight week to highest level since November
The Salem News· 1 day agoThe rise in mortgage rates in recent weeks is an unwelcome trend for home shoppers this...higher in January and February, the average rate on a 30-year ...
Higher Interest Rates Stick Around
Morningstar· 2 days agoIvanna Hampton: Higher interest rates are sticking around for longer. While Fed Chair Jerome Powell didn’t seem worried about the inflation outlook, he...
5 strategies for dealing with today's high mortgage rates
CBS News· 1 day agoFor example, when buying a $400,000 home with 20% down, the monthly mortgage payment (principal and interest only) has gone from about $1,350 at 3% to over ...