Should You Refinance Your Mortgage Now That the Fed Just Cut Rates?
Refinancing your mortgage can help you get a lower monthly payment. You also have the opportunity to change up your loan type and term. A cash-out refinance is another mortgage refinancing option that lets you convert home equity into cash. That lump sum could pay for a home renovation or to retire high-interest credit card or student loan debt.
Today’s 30-year mortgage interest rates remain at 5.990% while 15-year rates drop to 4.990%
The median interest rate on a 30-year fixed-rate mortgage is 5.990% as of September 16, which is unchanged from Friday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 4.990%, which is 0.010 percentage points lower than on Friday.
In early August, refinance applications were up nearly 60% versus the same period a year earlier, according to the Mortgage ...
The average mortgage interest rate for a standard 30-year fixed mortgage last week was 6.38%, a decrease of 0.11 percentage ...
The rate for the most popular home loan fell 14 basis points in the week ended Sept. 13 to 6.15%, marking the lowest rate ...
Someone with a 30-year mortgage at 7.5% or 8%, for example, should be looking for rates to be in the low 6% range.
Maybe it’s just a coincidence, but the week the Federal Reserve cut its key interest rate for the first time in four years, ...
A sudden spurt of economic volatility sent mortgage rates down again recently. They’re averaging 6.31% — their lowest point since February 2023, according to Bankrate’s national survey of lenders.
Detroit businessman Dan Gilbert shared his feelings on the mortgage business versus the real estate business, what's still on ...
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