Steady light rain this morning. Showers continuing this afternoon. High 56F. Winds W at 10 to 15 mph. Chance of rain 80%. Locally heavy rainfall possible..
Tonight
Showers this evening, becoming a steady rain overnight. Low 47F. Winds WSW at 10 to 15 mph. Chance of rain 70%.
Have you ever shaken a wrapped present to guess what’s inside? Well, that's what happened to mortgage rates this week. They bounced around as markets wondered if the Federal Reserve will give us a rate cut at its next meeting.The average rate on the 30-year fixed-rate mortgage fell eight basis points to 6% APR in...
If November’s fickle rates are a sign of what’s to come, mortgage rates will likely rise in December. Analysts went into this month with a growing sense that the Federal Reserve would vote to lower the federal funds rate at its Dec. 9-10 meeting. However, any cuts to mortgage rates related to this month’s meeting...
Mortgage rates fell this week as investors convinced themselves that the Federal Reserve might cut short-term interest rates when it meets in December.The average rate on the 30-year fixed-rate mortgage fell 15 basis points to 6.08% APR in the week ending Nov. 26, according to rates provided to NerdWallet by Zillow. A basis point is...
The average rate on a 30-year fixed-rate mortgage rose nine basis points to 6.23% APR in the week ending Nov. 20, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point.We finally have federal labor market data from September, after a multi-week delay due to the government...
Mortgage rates moved modestly lower this week, but interest rates were not the big news for anyone following home loans. President Donald Trump's social media post about a 50-year mortgage stole the show, as economists and pundits critiqued the ins and outs of such a proposal. Though details weren't provided, the three-word version says plenty:...
