Mortgage rates got a little boost today thanks to an apparent peace deal between the U.S. and Iran. However, the 30-year fixed remains well above… Read More »Mortgage Rates Dip on Peace Deal, But May Take Time to Fully Recover
A new Reuters poll conducted between June 1st and June 11th revealed that housing experts expect elevated mortgage rates through at least 2028. The survey… Read More »Reuters Poll Says 30-Year Fixed Mortgage to Remain Above 6% Through 2028
It feels like we’re repeating history, and not the pleasant kind. Inflation readings came in at their worst since 2023, which incidentally was when the… Read More »Mortgage Rates Hold Steady Despite Worst Inflation Since 2023
With mortgage rates above 6.50% these days, the average home buyer today actually pays more in interest than the purchase price. For example, a $400,000… Read More »Total Interest Exceeds Your Home Price Once Mortgage Rates Are Above 6.4%
I was on LinkedIn the other day and came across a post featuring a mortgage rate history chart with rates for each year. It started… Read More »Did Everyone Forget Mortgage Rates Were 2-3% Back in 2012 Too?
The conflict in Iran was arguably bad enough for mortgage rates. It sent them from the best levels since mid-2022 right back toward the high… Read More »Mortgage Rates Now Face a Triple Threat
It’s time for some more mortgage Q&A: “Can you have two mortgages at the same time?” This question came up recently and despite all the… Read More »Can You Have Two Mortgages at the Same Time?
I keep warning folks that mortgage rates are going higher, possibly back to the 7% range. And the main reason is because the war in… Read More »Mortgage Rates Now Facing War and Hot Jobs Headwinds
This might be one of the strangest things I’ve ever heard come out of the mortgage industry. And the mortgage industry is no stranger to… Read More »A Top-10 Mortgage Lender Has Launched an Athleisure Clothing Line
After what was a decent week for mortgage rates, in which they fell back closer to 6.50%, they appear to be on the rise again.… Read More »Mortgage Rates Back on the Move Higher as U.S.-Iran Talks Stall
