Rate News

Today’s Mortgage Rates | August 23, 2021

Rates Rising As Fall Approaches

At the beginning of August the real estate market was at an all time sweet point for homeowners. Mortgage rates were at rock bottom levels, housing prices were soaring, and sellers were sifting through multiple competing offers within days of listing their homes. As predicted, rates are rising and the wild real estate market is slowing down as fall approaches. This trend is predicted to continue through the end of the year. If you haven’t made a move to refinance or sell yet, this is the time to do it.

30 Year Fixed Mortgage Rate

Today’s Rate2.952%
Change From Yesterday+0.051%
Change From One Week Ago+0.033%
Change From One Year Ago-0.092%

15 Year Fixed Mortgage Rate

Today’s Rate2.225%
Change From Yesterday+0.039%
Change From One Week Ago+0.034%
Change From One Year Ago-0.430%

Today’s Financial Headlines

US Cities With Highest Delinquency Rates

Delinquency rates have been falling throughout the country, but there are still an estimated 1.6 million mortgages that are currently behind in payments. Certain US Metro areas carry a large share of the remaining delinquent mortgages in the country. Atlanta, GA and its surrounding counties lead the nation in overdue mortgages, with over 42,226 homeowners behind in their payments. Houston, Texas is in second place by a hair, with 40,147 delinquent loans. This article lists the top 30 delinquency hot spots in the US.

What Happens When Forbearance Ends?

The pandemic mortgage forbearance program provided 18 months of relief. The first round of recipients exited the program in July, and hundreds of thousands more homeowners will be exiting forbearance between now and October. Many of them are not ready to resume payments, and face difficult choices regarding their next steps. This comprehensive guide gives a review of the options available to struggling homeowners as they exit the pandemic programs. The guide covers various ways to restructure your mortgage, as well as advice for those considering selling their home.

Florida Leads In Mortgage Delinquency Recovery

Florida is currently third in the nation for delinquency recovery. With soaring home prices and lax Covid policies leading to large numbers of deaths and illnesses, it may surprise many that the Sunshine state is experiencing such a strong recovery. However, many fear the trend won’t last, citing the upcoming end of the pandemic mortgage forbearance programs.

Lee Okwei

Recent Posts

How to Get a Low Cost Hair Transplant

Hair transplants can help restore confidence for individuals suffering from hair loss, but the cost…

1 week ago

How to Get Pet Insurance at Low or Even No Cost

Pet insurance can provide peace of mind for pet owners, but the cost can sometimes…

1 week ago

How to Get Low Cost IVF Treatments

For couples and individuals struggling with infertility, in vitro fertilization (IVF) can be a life-changing…

1 week ago

5 Changes for Medicare That Seniors Don’t Know About

Medicare is constantly evolving to meet the needs of seniors, but many beneficiaries may not…

1 week ago

How Free Smartphone Offers are Revolutionizing Consumer Access

In a game-changing move, phone providers like AT&T and Straight Talk are turning heads with…

2 weeks ago

How Seniors Can Access Free or Discounted Internet Services

In a world where digital connectivity is crucial, many seniors find themselves disconnected, unable to…

2 weeks ago