Advice for homeowners looking to refinance their mortgage – CBS News Watch CBS News Almost 63% of mortgage applicants are homeowners looking to refinance. Jill Schlesinger explains how low mortgage rates could help homeowners cut their costs, as part of our series Eye on Money. Be the first to know Get browser notifications for breaking … Read more
HELOC interest rates took a sharp turn higher today. The bond market saw a sell-off on Friday, pushing consumer lending rates higher as nervous bankers added to their profit spread. Known as a second mortgage, home equity line of credit accounts, and the lump sum version — the home equity loan — allow homeowners to … Read more
Mortgage rates are noticeably higher today. According to Zillow, the average 30-year fixed interest rate is up 12 basis points to 6.85%, while the 15-year fixed rate gained a whopping 21 basis points to 6.16%. The Mortgage Bankers Association forecasts 30-year rates to remain mostly unchanged and near 6.7% through September, ending the year close … Read more
Mortgage rates are unchanged today. These days, it’s good news when they don’t move higher. According to Zillow, today’s 30-year fixed mortgage rate remained at 6.73%, and the 15-year fixed rate held steady at 5.95%. Friday, a solid jobs report bolstered the stock market, and bond market yields rose. The 10-year Treasury yield, a key … Read more