Rates Increase, Mortgage Refinance
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Lower mortgage rates could feed supply for buyers if they encourage potential sellers who have been locked into lower rates to list their homes. Freddie Mac reported this past week that the
HOUSTON - The rate for a 30-year mortgage fell to 5.98% in the last days of February, to the lowest level in more than three years. Every 1% drop in mortgage rates adds about 10% more purchase power for a would-be buyer.
Mortgage rates drop to "five handle" as Trump administration targets housing affordability crisis with aggressive $200 billion bond purchase program.
Looking to buy a home or refinance your current one? Here are the mortgage interest rates to know right now.
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A mortgage rate lock deposit is a fee charged by lenders to secure an interest rate between offer acceptance and closing, providing financial certainty.
America's housing market could be seeing "the gradual erosion of the lock-in effect," according to experts reacting to new home sales and mortgage application data.