The average mortgage rate for 30-year fixed loans rose today to 7.59% from 7.35% last week, according to data from Curinos. This is up from last month’s 7.27% and up from a year ago when it was 5.93%.
At the current 30-year fixed rate, you’ll pay about $704 each month for every $100,000 you borrow — up from about $694 last week.
Last December, Bank of Canada governor Tiff Macklem suggested we’d ride an economic rollercoaster on the way back to two per cent inflation. “We can’t rule out bumps along the way,” he warned.
U.S. Federal Reserve boss Jerome Powell sang a similar tune, foreshadowing a “bumpy ride” back to the two per cent target. Yet, for whatever reason, most people either missed the memo or blew off these caveats.
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The average mortgage rate for 30-year fixed loans rose today to 7.60% from 7.35% last week, according to data from Curinos. This is up from last month’s 7.26% and up from a year ago when it was 5.93%.
At the current 30-year fixed rate, you’ll pay about $705 each month for every $100,000 you borrow — up from about $695 last week.
LOS ANGELES — The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what’s traditionally the busiest time of the year for home sales.
The average rate on a 30-year mortgage rose to 6.88 percent from 6.82 percent last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.27 percent.
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TRI-CITIES, Tenn. – There were 88 area mortgaged properties with new foreclosure filings during the first three months of this year. That was an increase of four from the previous quarter and 24 fewer than last years.
Nationally, foreclosure activity was up 3%, according to ATTOM, a leading curator of land, property, and real estate data.
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ATTOM today released its Q1 2024 U.S. Foreclosure Market Report, revealing that 95,349 U.S. properties saw foreclosure filings during the first quarter of 2024. That’s up 3% from the previous quarter but down less than 1% from a year ago.
The report also shows a total of 32,878 U.S. properties with foreclosure filings in March 2024, down less than 1% from the previous month and down 10% from a year ago.
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Today’s 30-year fixed mortgage rate is 7.53% which is higher than last week’s 7.35%, according to data from Curinos. This is a steep increase from last month’s 7.26%. Last year around the same time, 30-year fixed rates were 5.93%, which makes today’s rate much higher than it was a year ago.
At the current 30-year fixed rate, you’ll pay about $703 each month for every $100,000 you borrow — up from about $697 last week.
U.S. Bank is a compelling choice for a wide range of home loan products. And the bank has made a financial commitment to advance homeownership for underserved borrowers.
U.S. Bank is a leading mortgage lender with a lot of appealing products, including home equity loans and lines of credit. However, advertised mortgage rates are designed for well-qualified buyers with substantial down payments, so you’ll want to take the website’s sample rates with a grain of salt.
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Welcome to Investopedia’s economics live blog, where we explain what the day’s news says about the state of the U.S. economy and how that’s likely to affect your finances. Here we compile data releases, economic reports, quotes from expert sources and anything else that helps explain economic issues and why they matter to you.
Today, the Consumer Price Index’s measure of inflation gave mixed signals. Federal Reserve officials are scheduled to speak in the wake of the report and could give insight into how they’re interpreting the data.
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According to data from Curinos, mortgage rates for a 30-year fixed-rate loan sit at 7.34%. This means they’ve fallen slightly from 7.35% last week. Last month, rates were at 7.26%, putting today’s rates higher and up from 5.86% last year.
The 30-year fixed-rate average today is 1.79 percentage points below the 52-week high of 9.13% and 1.71 percentage points higher than the 52-week low of 5.63%.
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ATLANTA, April 09, 2024–(BUSINESS WIRE)–Beazer Homes (NYSE: BZH) (www.beazer.com) has scheduled the release of its financial results for the quarter ended March 31, 2024 on Wednesday, May 1, 2024 after the close of the market. Management will host a conference call on the same day at 5:00 PM ET to discuss the results.
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NEW YORK (AP) — U.S. stock indexes are slipping Tuesday, as traders make their final moves before several potentially market-moving reports later in the week.
The S&P 500 was 0.4% lower in midday trading after erasing an early, modest gain. The Dow Jones Industrial Average was down 212 points, or 0.5%, as of 11:25 a.m. Eastern time, and the Nasdaq composite was 0.3% lower.
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Today’s 30-year fixed mortgage rate is 7.39% which is higher than last week’s 7.35%, according to data from Curinos. This is an increase from last month’s 7.22%. Last year around the same time, 30-year fixed rates were 5.86%, which makes today’s rate much higher than it was a year ago.
At the current 30-year fixed rate, you’ll pay about $698 each month for every $100,000 you borrow — up from about $695 last week.
SEATTLE, April 05, 2024–(BUSINESS WIRE)–(NASDAQ: RDFN) — Half of U.S. homeowners and renters (49.9%) sometimes, regularly or greatly struggle to afford their housing payments, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Many report making sacrifices to cover their housing costs.
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The latest jobs report came in hotter than expected, showing that the US economy added 303,000 jobs last month and the unemployment rate fell to 3.8%, according to Friday data from the Labor Department. The headline number far surpasses expectations for 205,000 job gains, and underscores the ongoing resilience of the US labor market.
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This week’s increase in U.S. mortgage rates has added to the skepticism about any significant reductions in interest rates for prospective homebuyers in the near future.
As affordability issues intensify and consumer hope for lower interest rates this year fades, more potential homebuyers are holding off on their search. The anticipation of falling loan rates has become the primary reason cited by individuals for not actively looking for a home.
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ATLANTA & NEW YORK, April 04, 2024–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, announced that Capital Mortgage Services, a Lubbock-based mortgage bank with clients across the 50 states and the Virgin Islands, has selected the MSP® loan servicing system and a suite of integrated solutions to help scale its operations, lower costs and to continue to deliver a stand-out customer experience. MSP is a comprehensive, end-to-end platform that supports all aspects of servicing – from loan boarding to default – for first mortgages, as well as home equity loans and lines of credit, on a single system.
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IRVINE, Calif. , April 4, 2024 /PRNewswire/ — ATTOM , a leading curator of land, property, and real estate data , today released its 2023 property tax analysis for 89.4 million U.S. single family homes, which shows that $363.3 billion in property taxes were levied on single-family homes in 2023, up 6.9 percent from $339.8 billion in 2022. The increase was almost double the 3.6 percent growth rate in 2022 – and the largest in the past five years.
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Judges in South Florida are approving “unorthodox foreclosure auction rules” proposed by a lawyer that help ensure that his client will own the property for a fraction of its value, according to an investigation by the Miami Herald.
The Hollywood, Florida, lawyer, Brad Ira Schandler, refused to identify his clients and declined to say how much money that he makes, other than to tell the Miami Herald: “It beats waiting tables.”
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WASHINGTON, April 2 (Thomson Reuters Foundation) – Jules Fishelman had ambitious plans to green up his century-old home in Burlington, Vermont, but the cost and logistics felt overwhelming. “I’ve had in mind dozens of things I really wanted to do to make it more comfortable, but also to deal with the energy footprint – how much energy it uses,” Fishelman said by phone from the converted duplex he has called home since 2001.
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BEVERLY HILLS, Calif., April 2, 2024 (Newswire.com) – Mark Cohen, a distinguished mortgage expert with a career spanning over 37 years, has once again earned recognition as the Top Mortgage Broker in the United States, according to the esteemed Scotsman Guide’s annual rankings. Additionally, Cohen has earned recognition for executing the top dollar volume of any broker in the nation — closing $743 million in loans in 2023 alone.
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Today’s 30-year fixed mortgage rate is 7.37% which is higher than last week’s 7.27%, according to data from Curinos. This is a decrease from last month’s 7.44%. Last year around the same time, 30-year fixed rates were 5.84%, which makes today’s rate much higher than it was a year ago.
At the current 30-year fixed rate, you’ll pay about $695 each month for every $100,000 you borrow — up from about $690 last week.
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