Today’s mortgage interest rates look different for buyers and owners hoping to refinance compared to February. Kirpal Kooner/Getty Images Borrowers who entered March hopeful that mortgage interest rates would continue to decline unimpeded encountered a discouraging climate. Unemployment rose, inflation progress stalled and the Federal Reserve kept interest rates on hold (again). Combined with uncertainty … Read more
Savers should carefully calculate their interest earning potential before locking any money into a CD account. seksan Mongkhonkhamsao/Getty Images Depositing large, five-figure amounts of money into a savings account like a certificate of deposit (CD) can be both lucrative and smart, particularly in today’s volatile financial climate. But it isn’t always the flexible move to … Read more
The average HELOC interest rate tumbled yet again this week, opening new opportunities up for homeowners. Andrii Yalanskyi/Getty Images Just above the 6% range. That’s where the average home equity line of credit (HELOC) interest rate declined this week, the latest in a series of declines that have now brought rates here to their lowest … Read more
Mortgage rate shifts can happen quickly, and there’s a chance that rates could dip back down in April. spawns/Getty Images After touching below 6% in February, mortgage rates have been climbing back up for the better part of March, driven by a confluence of economic and geopolitical pressures. In turn, the average 30-year mortgage rate … Read more
Mortgage rates for buyers and owners hoping to refinance have changed considerably this March. carlofranco/Getty Images Monitoring the mortgage interest rate environment each day for affordable opportunities is critical for buyers and owners hoping to refinance. Unfortunately, what many borrowers have been discovering in recent weeks is that rates are considerably higher than they were compared … Read more
The mortgage interest rate climate is changing rapidly for borrowers this month. DreamPictures/Getty Images Did you know that borrowers may be able to secure a mortgage interest rate that’s up to a full percentage point lower than average simply by shopping around for lenders? That’s an important tip to remember in any mortgage interest rate … Read more
Locking tens of thousands of dollars away in a CD account may make sense for some savers right now. Getty Images/iStockphoto If you have a large, five-figure amount of money, such as $60,000 to invest in today’s economy, you’ll have no shortage of options to consider. From real estate to stocks and bonds to alternative … Read more
HELOC borrowing costs have continued to decline in recent weeks. sakchai vongsasiripat/Getty Images While there’s been plenty of news about interest rates lately, especially after the Federal Reserve elected to keep them paused again earlier this month, there has been one affordable silver lining for borrowers – their home equity. Home equity borrowing rates have … Read more
By understanding why mortgage rates have increased, borrowers can better determine their next steps. boonstudio/Getty Images Mortgage interest rates have been on quite a ride since hovering near record lows in March 2020, during the height of the pandemic. Since then, however, they’ve changed significantly, rising to their highest level since 2000 in the summer … Read more
Today’s monthly HELOC costs are meaningfully lower than they were even just a few months ago. Zhanna Hapanovich/Getty Images If you’re a homeowner who needs to borrow money, you may be in luck right now. Not only are homeowners sitting on an estimated $11 trillion in tappable home equity currently, which could give you access … Read more