The post With Rising Interest Rates, Do Adjustable Rate Mortgages Make Sense? appeared first on Weekly Real Estate News.
With Rising Interest Rates, Do Adjustable Rate Mortgages Make Sense?
Weely Real Estate News
85% of Homeowners with Mortgages Have a Rate Far Below Today’s Level, a Factor Prompting Many to Stay Put
Source: Business Wire — Roughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today’s level of 6%, according to a new report from Redfin (redfin.com), the technology-powered real […]
Financial Markets
Mortgage rates suddenly drop, and homes are now 5% more affordable
After weeks of steady gains, mortgage rates have fallen rapidly in the past week, meaning homes are suddenly much more affordable. The 30-year fixed-rate mortgage averaged 5.3% in the week ending July 7, according to the latest […]
Housing Wire
Thousands of government-backed mortgages impacted by Maui fire
The U.S. Department of Housing and Urban Development (HUD) this week announced a package of regulatory and administrative waivers that will allow the use of HUD funding to assist with the recovery of Maui after […]