Mortgage rates are decreasing. The average 30-year fixed rate has dropped by 83 basis points over the last six months, according to Zillow, and is now 5.90%. The 15-year fixed rate has fallen by 59 basis points during this time, currently sitting at 5.36%. Now could be a great time to buy a house or … Read more
Interest rates on home equity lines of credit (HELOCs) and home equity loans have decreased significantly over the last year. The average HELOC rate was over 8% last January, and it has since dropped by 81 basis points. The annual home equity loan rate is down 40 basis points. It could be a good time … Read more
Today’s mortgage rates are significantly lower than last January’s rates. This time last year, the average 30-year fixed mortgage rate was over 7%, according to Freddie Mac. Now, the year-over-year 30-year rate has dropped 98 basis points to 6.06%. This is a good time to shop for the mortgage lender offering the best deal and … Read more