Tag: news

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

Mortgage

FHA and Jumbo Rates Reach Record Lows

Record low rates for both larger loans and low down-payment loans drove an increase in mortgage demand last week. Total mortgage application volume rose 3.8% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The demand was fueled by refinances, which rose 6% for the week and were 88% higher…

October 4, 20220Comments

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…

September 16, 20210Comments

Today’s Mortgage Rates | September 17, 2021

Virtual Closings Will Be The New Normal in 2022 Since the onset of the Coronavirus in March 2020, virtual interactions have become more prevalent throughout society to keep the distance. This year in 2021, the real estate industry has also adopted this method of communication/commerce and is growing in popularity throughout the mortgage and real…

September 16, 20210Comments

Today’s Mortgage Rates | September 16, 2021

Many Seniors Could Boost Their Retirement Income With A Reverse Mortgage A reverse mortgage allows a senior citizen to make money by receiving payments monthly against the home they own. This is a supplemental income source compared to more traditional investment income sources such as bank fixed deposits, national savings certificates, etc. This income is…