Mortgage rates hit 6%
Mortgage rates in the U.S. didn’t stay below 6% for very long.
Mortgage rates in the U.S. didn’t stay below 6% for very long.
COLUMBIA SC (WOLO) – Lending options continue to change, as rules, rates, and inventory continue to shift. Many potential landowners are finding it hard to find funding, as financial institutions are shifting away from land-only purchases. According to Mortgage Pro Pat Whaley, Integrity Home Mortgage has launched new programs that not only fund land-only deals, but can offer it to…
COLUMBIA SC (WOLO) – After historically low rates prior to 2021, they quickly rose to historic levels, which placed many dream homes out of reach. The good news is that rates are starting to relax a bit, making it a little easier to afford, and there are several programs, including 4.99% financing offered by First Palmetto. The Bank’s Jacob Crowder…
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Longterm U.S. mortgage rates continued to climb this week as the key 30-year loan rate reached 5% for the first time in more than a decade amid persistent high inflation.
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The rates dropped as a result of receding U.S. Treasury yields, as investors moved to the safety of bonds due to Russia invading Ukraine.
South Carolina saw a record number of mortgage applications in 2020.