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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...
Homebuyers turn to ARMs as mortgage rates hover above 7% for third straight week
AOL· 2 days agoThe rate on the 30-year fixed mortgage increased to 7.22% from 7.17% the week prior, according to Freddie Mac. Rates have risen more than half a percent ...
Buyers are taking on riskier adjustable rate mortgages as affordability worsens
FOX Business· 2 days agoHomebuyers in the U.S. are turning to riskier adjustable rate mortgages (ARMs) as high interest...
Daily mortgage rates for May 3, 2024: Rates end week elevated but calm after Fed rate pause
AOL· 20 hours 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 ...
5 strategies for dealing with today's high mortgage rates
CBS News· 15 hours 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 ...
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...
Compare Today's Home Loan Refinance Rates
Forbes· 5 days agoThe main goal of most mortgage refinances is to lower your interest rate and maximize your savings. Often lenders ...
Majority of rates rise - Mortgage rates for today, April 29, 2024
Bankrate.com· 5 days agoMortgage rates were mostly higher versus last week, according to data compiled by Bankrate. Lenders price mortgages based on many variables, but overall ...
UK House Prices Fall Again After Mortgage Rates Creep Higher
Bloomberg via Yahoo Finance· 3 days ago(Bloomberg) -- UK house prices fell at the sharpest pace in eight months after the cost of mortgages...
How Does Mortgage Interest Work?
Consumer Affairs· 2 days agoYour monthly mortgage payment consists of both the loan principal and interest. You might receive a lower interest rate</ ...