by RealtyBizNews | Sep 17, 2020 | Black Knight, Mortgage, mortgage rates, Real Estate News, refinancing
With the 30-year fixed-rate mortgage at an all-time low, the pool of homeowners that could benefit from refinancing and lower their monthly mortgage repayment has increased dramatically, experts say. In fact, some 75% of homeowners, or around 19.3 million, could...
by RealtyBizNews | Jul 31, 2020 | Federal Reserve, interest rates, Mortgage, mortgage rates, Real Estate, Real Estate News
The Federal Reserve this week voted to keep its benchmark interest rate at close to zero. The move should help ensure the cost of home loans remains down, long enough for the economy to begin its recovery from the COVID-19 pandemic, experts said. The Fed also said...
by RealtyBizNews | Apr 9, 2020 | Coronavirus, COVID-19, Featured News, Home Sales, housing demand, mortgage rates, Real Estate News, Zillow
It has been a wild ride for mortgage rates over the past month, which touched record lows then rebounded just as fast. Low rates are typically associated with healthy housing demand and a strong market – especially now that we’ve entered home shopping season –...
by RealtyBizNews | Mar 17, 2020 | benchmark rate, Federal Reserve, interest rates, Mortgage, mortgage rates, Real Estate News, US Real Estate
The Federal Reserve at an emergency meeting on Sunday announced it’s slashing its benchmark interest rate to zero, in what is its second response to the economic turmoil that’s resulted from the coronavirus outbreak. In addition, the Fed announced it will buy $700...
