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
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
Homebuyers will need to calculate their monthly costs with precision before applying, especially now, with mortgage rates changing again. Muhammad Aqib/Getty Images News this month that the Federal Reserve would continue keeping interest rate cuts paused wasn’t surprising, but it was certainly unwelcome for millions of borrowers, homebuyers and owners looking to refinance, especially. Mortgage … Read more
Today’s mortgage interest rates look noticeably different from what they were a few weeks ago. Kirpal Kooner/Getty Images Following a month in which new reports showed inflation was stuck and unemployment rising, not to mention a continued pause in interest rate cuts by the Federal Reserve, borrowers are ending March in a more uncertain economic climate than they started. … Read more
Mortgage interest rates have changed significantly in recent weeks, thanks to a combination of factors. Dmitry Galanternik/IP Galanternik D.U./Getty Images Monitoring the mortgage interest rate climate on a daily basis is an integral part of the homebuying and refinancing processes. But, this March, it was arguably more important than usual. With multiple items on the … Read more
Homebuyers and owners looking to refinance need to understand where mortgage interest rates stand now before taking any action. DAVID PAPAZIAN/dpproductions/Getty Images The Federal Reserve this week did what many expected but what borrowers were hoping it wouldn’t – it kept its federal funds rate on pause. At a range between 3.50% and 3.75%, rates … Read more
Long-term CDs give you the opportunity to earn today’s rates for up to 5 or even 10 years. Getty Images/iStockphoto Saving money can be a challenge in an economy with persistent inflation. After all, if your money doesn’t earn a return that’s at least equal to inflation, it will lose buying power. But, a certificate … Read more
Mortgage interest rates could now be low enough to support purchase or refinancing activity from borrowers. Getty Images/iStockphoto With the first Federal Reserve meeting since January set to conclude today, homebuyers and owners hoping to refinance will need to contend with both good and bad news. The bad news is that interest rates will remain … Read more
Homebuyers and owners hoping to refinance may want to seriously consider locking in a mortgage rate now. Dmitry Galanternik/IP Galanternik D.U./Getty Images For the first time since January 28, the Federal Reserve will meet today to discuss the future of interest rates, among other items. And homebuyers and homeowners hoping to refinance will be two … Read more