Mortgage rates fall for 1st time in 9 weeks
The average 30-year rate fell from 7.4% to 7.32%.
The average 30-year rate fell from 7.4% to 7.32%.
For the first time since January 2025, mortgage rates are back above 7%.
Home mortgage applications dropped 19% from a year ago amid rising interest rates, that’s according to the Mortgage Bankers Association.
The average 30-year fixed mortgage rate is the highest it’s been since June of last year.
Mortgage rates may be high but young buyers are likely to qualify for the best offers.
Mortgage rates have hit their highest level in nearly a year.
There’s bad news for the housing market.
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…