The 30-year fixed-rate mortgage (FRM) averaged 7.04 percent as of January 16, 2025, up from last week when it averaged 6.93 percent, according to the Freddie Mac. A year ago at this time, the 30-year FRM averaged 6.60 percent. “Mortgage […]
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Articles Tagged: Interest Rates
Real estate is still the best long-term investment
With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help […]
What’s next for home prices and mortgage rates?
If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next. And if it’s worth it to move […]
3 myths that are hurting home buyers and sellers
There’s no denying that it’s a tough market, with challenges for both buyers and sellers. But myths and misconceptions floating around about this market and what’s going to happen next aren’t making things any easier. So what, exactly, are those […]
Infographic: Should I buy now or wait?
If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices […]
Mortgage rates by decade
Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home. Locking in a low rate today could save you thousands of dollars over […]
Infographic:
Mortgage rates and payments by decade
Sometimes it helps to see the dollars and cents you’ll save when you purchase a home while mortgage rates are low. Today’s historic low rates mean it’s less expensive to borrow money, so the savings over the life of your […]
