Hello,My wife and I recently bought some investment property in Texas in April/May 2017. Our loan rate was 5.125% on the 30 year fix. I was told that it is higher because it was an investment home. The rates right now...
I bought a fixer upper as my first home and was able to build some good equity. I tried to get a home equity loan with the intention to make a down payment on an investment property with the funds.I was told I could n...
What rates are yall getting for conventional 20 or 30 yr fixed?
2:05 PM : The Fed has increased the Fed Funds rate by the expected 25 basis points to a target range of 4.50-4.75%.
The statement included hawkish language noting that the FOMC still sees the need for 'ongoing incre...
Should I lock this? VA 30 year 2.875% with .125 pts. My lender is suggesting I float at least a few more days as he believes rates should go lower Or points go away. I could also get a credit with same or lower rate ...
On Wednesday, September 21, 2022 at 2:00 pm, the Federal Reserve Bank raised short-term rates by 0.75% to fight inflation. The Fed’s benchmark interest rate is now between 3 percent and 3.25 percent.
The interest rat...
Take a look at this graph. Yes, the rate is >6% now and the 2-3% days are over. But we are still at a historical low right now. Even before the "Great Recession" of 2007-2009, the rate is still above 5.5-6.5%. How ...
Can someone explain why morgage rates are increasing despite the Fed drop to 0%?
We were quoted 4.75 apr for a 15 year mortgage. The lender said rates have been going up. This is confusing because the fed has been lowering rates. -4.75 is well above the average 3.02 posted on other sites that ag...
Don't get lulled to sleep by the Fed's announcement that they were pausing the hikes in the Federal Funds rate. That's the rate banks pay to borrow. Our industry runs on the Treasury Markets. Today, the 10-Year Treasu...