Consumer News As Rates Fall, Mortgage Applications Are Surging
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Mortgage applications fall 5.2% after rates rise again
Mortgage applications dropped 5.2% for the week ending Nov. 14, with refinance activity down 7% and 30-year fixed rates rising to 6.37%. Read More
Could mortgage interest rates fall before the Fed's October meeting? Here's what to consider.
For homebuyers and current owners looking to refinance, October 29 can't come fast enough. That's when the Federal Reserve is set to conclude its next two-day meeting and, with it, issue another ... Read More
Lower rates prompt refis and dismissal of ARMs
Mortgage applications rose 7.1% last week, fueled by a decline in mortgage rates and a significant increase in refinance activity. The 30-year fixed rate dropped to 6.30%, its lowest since September ... Read More
How low could mortgage rates fall by the end of 2025? Experts weigh in
Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. But rates are ... Read More
Interest rates are falling. Here’s what that means for the local housing market
Andrew Gomez-Rivera said buying a home was almost too easy — that’s what made his experience abnormal. Gomez-Rivera, a 30-year-old Gainesville police officer, said he shopped for less than three ... Read More
Falling Mortgage Rates Spur Refinance Boom – Is It Time to Refi?
The average 30-year fixed mortgage rate fell to 6.44% this week, down from 6.53% the week before, according to U.S. News data. Mortgage rates are now at their lowest levels in 2025, which may give ... Read More
Mortgage rates set to fall as HSBC and Barclays announce cuts
Two major banks have cut their their mortgage rates on news interest rates could now fall faster than expected. Both HSBC and Barclays have today announced they will be lowering rates across some of ... Read More
Mortgage rates drop to the lowest level in a year, opening ‘an important window’ for buyers
Mortgage rates have plunged to their lowest level in 12 months, giving home buyers some room to breathe. The 30-year fixed-rate mortgage averaged 6.19% as of Oct. 23, according to a weekly report from ... Read More
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