US mortgage rates slipped last week to the lowest level since 2022, generating more refinancing activity. Processing Content The contract rate on a 30-year mortgage dropped 8 basis points to 6.09% in the week ended Feb. 20, according to Mortgage Bankers Association data released Wednesday. The rate on five-year adjustable mortgages fell to 5.23%, also […]
Mortgage rates reach lowest since 2022, boosting refinancing Read More »
Renting can feel like the easier choice right now. There’s no big down payment. No dealing with surprise repairs. And no long-term commitment. But then your rent goes up again. And again. And suddenly the thing that seemed flexible starts looking… expensive, especially considering you’re not building any equity. And once that happens, it’s easy
Renting vs. Buying: The Numbers Might Surprise You Read More »
Mortgage applications increased 0.4% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Feb. 20. On an unadjusted basis, the index increased 2% compared with the previous week. The seasonally adjusted purchase index decreased 5% from one week earlier. The unadjusted purchase index
Mortgage applications rise slightly as rates move closer to 6% Read More »