Tag: Mortgages

The first thing the bank is going to do is deem you a safe bet, the safest of safe bets. As a result, they are going to offer you a ridiculously good interest rate. This interest rate will probably be so good that over the course of the mortgage, you will pay a rate that will be below the rate of in...

When it comes to residential housing mortgages in the U.S., what do October 1982, January 2021, and October 2023 have in common? Not much, as it turns out. Each of those years was dramatically different from the other years in important ways when it came to the topic of 30-year fixed-rate mort...

The era of mortgage rates at or below 3% was a unique period in financial history, largely influenced by specific economic circumstances. These historically low rates were a product of the economic measures taken to address the challenges posed by the global financial crisis and subsequent economic ...

In recent months, the landscape of mortgage rates has undergone a notable transformation. After reaching a peak exceeding 8 percent in October, rates have retreated, with the average rate on 30-year loans falling below 7.5 percent. This shift has significant implications for homebuyers, the real est...