Good news house hunters: This weekend, mortgage rates are significantly lower than last weekend. The Zillow lender marketplace is reporting an average 30-year fixed mortgage of 6.15% — that’s down seven basis points from last weekend. The 15-year is now 5.64%. Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: … Read more
Rates on home equity lines of credit (HELOC) and home equity loans remain mostly unchanged. With growing demand for second mortgages, lenders will compete for your business. All you have to do is remember to shop and compare offers. According to real estate analytics firm Curinos, the average HELOC rate is 7.24%. The 52-week HELOC … Read more
HELOC and home equity loan rates are clinging to three-year lows. Unlike mortgage rates, which can vary dramatically with bond market moves, second mortgage rates are tied to the prime rate, which only changes with Federal Reserve rate changes. At this point, none are expected for the remainder of the year. The average HELOC rate … Read more
Every few months, the housing crash debate resurfaces on social media, cable news, and around kitchen tables across the country. You hear the same fears repeated in slightly different forms each time: Home prices are too high, mortgage rates are unsustainable, and a downturn feels inevitable. The question weighing on millions of homeowners and prospective … Read more
Rates on home equity lines of credit (HELOC) and home equity loans remain mostly unchanged. With growing demand for second mortgages, lenders will compete for your business. All you have to do is remember to shop and compare offers. According to real estate analytics firm Curinos, the average HELOC rate is 7.20%. The 52-week HELOC … Read more
Good news house hunters: This weekend, mortgage rates are significantly lower than last weekend. The Zillow lender marketplace is reporting an average 30-year fixed mortgage of 6.22% — that’s down a full quarter point from last weekend. The 15-year is now 5.72%. Here are the current mortgage rates, according to the latest Zillow data: 30-year … Read more