Mortgage, This Week and Personal Loan
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The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.
A Moody’s economist warns that rising mortgage rates could turn the housing market into a major drag on the U.S. economy.
Long-term US mortgage rates rose after a 5-week decline but are expected to stay stable. Higher rates may impact home sales and mortgage applications. Benzinga.
Mortgage rates have dropped for five weeks in a row. But will they continue to do so this July? Here's what to consider.
Mortgage delinquencies are rising across the U.S., especially in southern states like Florida, Georgia, and South Carolina, a study by Cotality found. Escrow payments have surged – up 62% in the last 5 years – likely due to rising property taxes and insurance premiums.
Updated each month, the dashboard is intended to help members monitor fluctuations in affordability and market activity.
Graham said rates started headed up in anticipation of Thursday’s job report. The better-than-expected addition of 147,000 jobs in June drove the nation’s unemployment rate down and made a case for the Federal Reserve to not lower interest rates. If unemployment had increased, “the Fed would be cutting rates ,” Graham posted Thursday.