News

A split decision for HELOC and home equity loan rates this week. The average rate on a $30,000 home equity line of credit ...
“These higher rates drove a 20% ... The adjustable-rate mortgage (ARM) share of activity, which reached its highest level recorded since November 2023 last week at 9.6%, decreased to 7.5% ...
Home sales fell to their lowest annual level for March since 2009 ... of the pandemic — and elevated mortgage rates. Mortgage rates rose to 7.8 percent in 2023 — after having fallen to ...
That’s down fractionally from 6.83% last week, which saw the biggest one-week jump since ... in mortgage applications last week was the result of a 30 basis-point jump in mortgage rates ...
After hitting a peak of 7.04% in January 2025, mortgage rates have retreated ... refinances declined to just under $290,000, the lowest level in three months.” Rather than waiting it out ...
The US housing market has been in a sales slump since 2022, when mortgage rates began to climb from pandemic-era lows. Sales of previously occupied US homes fell last year to their lowest ...
The Bank’s nine-person Monetary Policy Committee (MPC) voted by a majority of five-four to reduce rates by 0.25 percentage points, bringing it down to the lowest level since May 2023.