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 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
Jon Kopaloff/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. There’s passionate debate about how to solve America’s ongoing housing crisis, much of which revolves around mortgage rates, zoning issues, immigration and construction. However, billionaire entrepreneur and investor Mark Cuban believes the biggest issue of all … Read more
Jeffrey Greenberg/Universal Images Group/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. U.S. Treasury bonds, traditionally seen as one of the world’s safest financial assets, are suffering a sharp sell-off as President Donald Trump’s tariff war with China sparks panic across financial markets. Mortgage rates are … Read more