US stock futures were mixed on Friday after a broad market sell-off as Wall Street digested a fresher-than-expected inflation reading to drive the interest rate path. Contracts on the S & P 500 (ES = F) and Dow Jones Industrial Average futures (YM = F) both remained near the flat line. Nasdaq 100 (NQ=F) futures … Read more
Today’s mortgage rates are significantly lower than last January’s rates. This time last year, the average 30-year fixed mortgage rate was more than 7%, according to Freddie Mac. Now, the 30-year rate is down 98 basis points year over year to 6.06%. This is a good time to shop around for the mortgage lender that … Read more
Mortgage rates have rebounded from recent lows, but remain below 6%. According to Zillow, the average 30-year fixed rate is 5.93%. Meanwhile, the fixed rate of a 15-year home loan is 5.40%. Zillow collects rates from those offered in its lender marketplace. Here are the current mortgage rates, according to the latest Zillow data: 30 … Read more
00:00 Speaker A So we are looking for this rate reduction. Um, but probably more importantly, we’re looking at the guidance and we’re also looking at the dissents. So what will you be watching most closely on Wednesday? 00:13 Speaker B Yes, so I think on the guide, two things. I would say the first … Read more
Mortgage rates are half a point lower than a year ago. According to Freddie Mac, the national average of 30 years fixed mortgage this week is 6.19%. A year ago, it was an average of 6.69% The fixed rate of 15 years is 5.44%. At this time last year, it averaged 5.96%. “Mortgage rates fell … Read more
Mortgage rates are so close to dropping below 6%. According to Zillow, the average 30-year fixed rate is down two basis points to 6.04%. A fractional one-day move lower and we will be in sub-6% territory, a move that is likely to trigger a wave of purchase and refinance applications. The 15-year fixed home loan … Read more