Mortgage Rates on Trend To Remain At Record Lows
Mortgage rates have been below 3% for the past twenty days. Predictions speculate that the rates will remain in a stable low for the rest of the month, then slowly begin to climb again. This is an ideal time to refinance your home. It is also…
Rising Real Estate Prices Raise Homeowner Equity by 20%
Real estate prices have risen sharply, making homes more valuable. Homeowners throughout the US are currently seeing a 20% increase in equity. While some homeowners are profiting from the surge by selling, this equity can also be tapped through home equity lines of credit and cash-out…
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.
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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…