by RealtyBizNews | Feb 12, 2021 | annual percentage rate, APR, Mortgage, mortgage rates, Real Estate, Real Estate News, Shopping for a mortgage
Mortgage rates at their current record lows offer some serious savings for both home buyers and people looking to refinance. But experts say a low mortgage rate is only one part of the equation, as people also need to consider the loan’s annual percentage rate to take...
by RealtyBizNews | Oct 21, 2020 | credit availability, Lending standards, Mortgage, mortgage rates, Real Estate News
Mortgage rates are at an all-time low, but that’s just too bad for the thousands of potential home buyers who’re missing out on the action due to tighter lending standards. A female hand operating a calculator in front of a Villa house model According to Bloomberg...
by RealtyBizNews | Oct 21, 2020 | Home Buying, home prices, Mortgage, mortgage rates, Real Estate News, rising home prices, US Real Estate
Home prices have risen by double-digits in recent months, and that’s all the more bewildering during an economic crisis like the one we’re going through now. Experts say the reason could be the 30-year fixed-rate mortgage, which hit a record low average of 2.81% just...
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 –...
