What goes up must come down. Mortgage rates slide as the economic gloom deepens. The 30-year fixed-rate mortgage slipped 10 basis points this week, settling at 4.69 percent. The 15-year fixed-rate mortgage fared no better, dropping eight basis points to come in at 3.82 percent. And not to be left out are jumbo home loan…they declined seven basis points to 5.2 percent.
Mortgage rates are heavily influenced by activity in the market for U.S. Treasury securities. Financial markets have been transfixed on the possibility of a federal default if Congress and the White House fail to agree to raise the government's debt ceiling by Aug. 2.
Of course if you're in the market to purchase or refinance a home - you'd be smart to search the best rates by visiting Bankrate.com. I'm Kristin Arnold.
Fixed mortgage rates were slightly higher this week.
The 30-year fixed mortgage rate rose to 4.51 percent this week.
Mortgage rates pulled back slightly this week.
The benchmark 30-year fixed-rate mortgage rose to 4.5 percent.
The benchmark 30-year fixed mortgage rate inched lower.
Can a couple find common ground when it comes to debt?
Follow this 6-month homeowner countdown so you are ready come closing day.
Pay attention to fees on prepaid cards because in most cases you can avoid them.
Sleep better at night knowing you have extra money tucked away for unplanned expenses.
Do you want your kids to be smart about money? Follow these tips to get them started.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
A little research could save you BIG on interest.
AAA Travel projects that 34.7 million Americans will travel more than 50 miles from home this Labor Day weekend, the highest volume since before the 2008 recession.
... Read more