Mortgage rates haven’t been this high for over two decades, but it’s far worse to be a homebuyer now than then. Buyers are still sticker-shocked by the memory of historically low rates when they could afford so much more two years ago. Those still on the hunt in today’s market […]
Mortgage
Mortgage rates surpassed 7% this week, hitting the highest level in more than two decades. The average rate on the popular 30-year fixed mortgage increased to 7.09% this week, up from 6.96% the week prior, according to Freddie Mac’s release on Thursday. That’s the highest point since the first week […]
Home affordability took another hit this week as mortgage rates neared 7%, forcing many buyers to stick to the sidelines. The rate on the 30-year fixed mortgage increased to 6.81% from 6.71% the week prior, according to Freddie Mac, the highest level in 2023 and since November. Rates followed an […]
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. Check […]
Many homeowners who want to sell their homes are opting to forgo those plans this spring because of mortgage rate concerns. Approximately 82% of potential move-up buyers said they felt trapped by their current low mortgage rate on their home, a Realtor.com poll of over 1,200 potential sellers in February […]
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. Check […]
Existing home sales in February jumped 14.5% to an annualized rate of 4.58 million, the largest monthly percentage increase since July 2020 and ending a 12-month slide, data from the National Association of Realtors out Tuesday showed. The annualized rate of existing homes sold topped the 4.2 million expected by […]
Wells Fargo is stepping back from the multitrillion-dollar market for U.S. mortgages amid regulatory pressure and the impact of higher interest rates. Instead of its previous goal of reaching as many Americans as possible, the company will now focus on home loans for existing bank and wealth management customers and […]
An ‘error’ is A) a transaction that has been incorrectly categorized to the incorrect account, B) an account balance in QuickBooks that doesn’t match the precise account steadiness Business & Finance or C) improper transactions which can’t be supported by documentation . Intuit, QuickBooks, QB, TurboTax, Proconnect and Mint are […]
Mortgage Insurance (MIP) for FHA Insured Loan Mortgage insurance is a policy that protects lenders against losses that result from defaults on home mortgages. FHA requires both upfront and annual mortgage insurance for all borrowers, regardless of the amount of down payment. 2020 MIP Rates for FHA Loans Over 15 […]
The benchmark 30-year fixed-rate mortgage fell this week to 3.75 percent from 3.88 percent, according to Bankrate’s weekly survey of large lenders. The Federal Reserve is on an asset-buying spree in an effort to keep the housing market afloat and stabilize mortgage rates. This is likely good news for people […]
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