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The average 30-year fixed mortgage rate increased for the third consecutive week to 3.63% Rates are now at levels not seen since April 2020 — nearly two years ago This week’s increase is the biggest weekly increase since March 2020: Rising by 23 basis points over last week This week’s increase aligns with the rising rates many experts … Read More “Mortgage Rates Increased to 3.27% Last Week. Here’s What Experts Forecast Amid Rising Inflation and COVID Cases” »

Are you thinking about taking the plunge into homeownership for the first time? Becoming a homeowner can be an excellent decision for many Americans. Not only does owning a home have several advantages over renting, but it can also be a great way to build wealth over time. In many housing markets around the U.S., … Read More “10 Expenses of Home Ownership You Need to Know” »

Before putting your home on the market, find out what real estate and mortgage experts predict will happen in Spring 2022. Spring is the traditional time to list a house, but the pandemic and resulting home-value surge have made the market anything but predictable. Home sales values in the U.S. rose substantially in 2021. According … Read More “Why Spring 2022 Will Be a Great Time to Put Your Home on the Market” »

The 30-year fixed-rate mortgage posted a big drop this week, falling to a 3.05% average, Freddie Mac reports. “The market volatility resulting from the COVID-19 omicron variant is causing mortgage rates to decrease,” says Sam Khater, Freddie Mac’s chief economist. “As the year comes to a close, the housing market is proceeding steadily. However, rates … Read More “Holiday Gift for Home Buyers: Big Drop in Mortgage Rates” »