mortgage rate

Interest rates on home equity lines of credit sharply higher

by
Interest rates on home equity lines of credit sharply higher

HELOC interest rates took a sharp turn higher today. The bond market saw a sell-off on Friday, pushing consumer lending rates higher as nervous bankers added to their profit spread. Known as a second mortgage, home equity line of credit accounts, and the lump sum version — the home equity loan — allow homeowners to … Read more

Mortgage and refinance interest rates today, June 8, 2025: A sharp turn higher

by
Mortgage and refinance interest rates today, June 8, 2025: A sharp turn higher

Mortgage rates are noticeably higher today. According to Zillow, the average 30-year fixed interest rate is up 12 basis points to 6.85%, while the 15-year fixed rate gained a whopping 21 basis points to 6.16%. The Mortgage Bankers Association forecasts 30-year rates to remain mostly unchanged and near 6.7% through September, ending the year close … Read more

×