Rate News

October 13, 20240Comments

The Government Is Concerned About Housing Affordability

Prior to the pandemic, housing affordability was an American crisis. Minimum wage workers could not afford one bedroom apartments throughout most of the country. Most American workers live paycheck to paycheck, and it is easy to miss a few payments and wind up on the streets. Large homeless encampments and urban populations were already…

The American Rescue Plan Includes A New Mortgage Relief Program

The American Rescue plan was the first priority for President Biden when he took office. A Democratic majority was able to pass the bill despite Republican dissent, and the new stimulus and relief package went into effect in March of 2020. One of the new programs that was created by this legislation is the $10…

October 6, 20240Comments

You Can Afford A Bigger House With An Energy Efficient Mortgage

Part of Biden's dream for America is a large expansion of green and renewable energy infrastructure. One way America can become more energy efficient and independent is by investing in technologies that save electricity. This could be as simple as adding more insulation to houses, installing energy efficient windows, or upgrading appliances. To encourage…

October 5, 20240Comments

Today’s Mortgage Rates | August 31, 2024

Federal Reserve Turnover Could Affect Mortgage Rates Two key leadership positions in the Federal Reserve are up for re-appointment this fall. The Biden administration is considering changing up the leadership to appoint officials who are more concerned with climate change, banking regulation, and income inequality. There is pressure from Progressive democrats to take this opportunity…

August 31, 20240Comments

Today’s Mortgage Rates | August 30, 2024

The VA Has A Little Known Program To Help Veterans Keep Their Homes The federal mortgage forbearance program being offered through all of the governmental housing agencies is open for enrollment through September 30th, 2021. However, the VA has a second, separate plan available to veterans. This plan is known as the VA Partial Claim…

August 30, 20240Comments

The Feds New Strategy Could Keep Rates Low For A Long Time

In a dramatic policy pivot the Fed announced Thursday that it will allow inflation to run 'hotter than normal' to help support the economies bounce back from coronavirus. This means that interest rates are unlikely to dramatically rise any time soon. This doesn't mean that rates will stay as low as they are, but that…

August 28, 20240Comments

Today’s Mortgage Rates | August 27, 2024

Renting Your Home May Be An Alternative To Foreclosure Rental rates have risen drastically over the past year. Monthly rental payments are currently higher than average mortgage payments in the majority of US metro areas. For homeowners facing the end of forbearance program grace periods, renting out their home may be the best option…

August 27, 20240Comments

Introducing Daily Rates

RateComparison.org is proud to begin providing weekday interest rate movement news and breakdowns. You'll be seeing many more posts from our newest writer Mrs. Lee Okwei, a proven finance writer who brings her unique understanding of interest rates to our site. We'll continue to bring more and more financial experts to deliver…

July 13, 20240Comments

September 26, 20210Comments

Today’s Mortgage Rates | September 20, 2021

FOMC News Signals Multiple Rate Hikes Through 2024 The Federal Reserve is meeting today for the Federal Open Market Committee's September policy setting session. Interest rates were not raised during this meeting, but the committee is discussing the process of tapering the Fed's bond buying program. Tapering could begin this year, but rate increases are…