Interest rates remain steady at all-time historic lows. The first chart shows rates over the past 12 months. Rates have declined significantly since this time last year. Interest rates for 30-year fix mortgages declined from 4.0% to 3.28%. From a
Homeowners: Refinancing
What does inverted yield curves mean to homeowners? 30-year Fixed Mortgage Rates (blue line) have declined from 4.9% in November to 3.6% today, erasing rate increases that started in mid-2016. The current rates are now at 10-year lows and they
Mortgage Interest Rates – July 2018
Mortgage interest rates jumped by one-half point during the first half of 2018. Rates increased by a half-point, from 4.0% to 4.5%, in March 2018. They have increased a full point over the past two years, from 3.5% in July-October