Page 2 - Year Jumbo News Today

Today’s Best Mortgage and Refinance Rates: January 9 & 10, 2021 | Rates Are Down Money.com 1/9/2021 © Money; Getty Images Mortgage-Rate-009 The housing market maintained its 2020 hot streak in the first week of the new year. Average mortgage rates hit a new record low for the week ending January 7, continuing the downward trend seen through much of last year. Meanwhile, new data showed home prices continued to accelerate and supply reached an all-time low in 2020’s final months. Home l...

Consumer confidence in the housing market declined in December as the number of COVID-19 cases increased.

Wednesdays Best Mortgage Rates: January 6 Money.com 1/6/2021 © Money; Getty Images Mortgage-Rate-004 Mortgage applications slowed as would be borrowers took a break during the holiday season. At the same time, the number of homeowners in mortgage forbearance held steady during the last two weeks of 2019. Meanwhile, mortgage rates are up slightly today. Today’s Mortgage Rates The average interest rate on a 30-year fixed-rate mortgage was 2.995% on Tuesday — up from 2.973% on Monday. Mon...

Thursdays Best Mortgage Rates: Dec. 31 Money.com 12/31/2020 © Money Mortgage-Rate-Nov-26-illo Pending home sales were down for the third straight month in November as high home prices and a lack of inventory created a backlog of buyers. Despite the decline, pending sales reached record level for November, typically a slow month for real estate markets. Meanwhile, mortgage rates continued sliding. Today’s Mortgage Rates The average interest rate on a 30-year fixed-rate purchase mortgage w...

Mondays Best Mortgage Rates: Dec. 28 Money.com 12/28/2020 © Money; Getty Images Mortgage-Rate-Dec-23-illo Existing home sales decreased in November, breaking a trend of 5 consecutive months of gains. However, sales remain well above 2019 levels. Home prices are still climbing while inventory reached a new low last month. The sale of new single-family homes was also down. Meanwhile, mortgage rates were down by 0.62 percentage points. Today’s Mortgage Rates The average rate for a 30-year f...

Todays Best Mortgage Rates: Dec. 22, 2020 Money.com 12/22/2020 © Money; Getty Images Mortgage-Rate-Dec-22-illo The share of home loans enrolled in forbearance plans ticked up this week. The deadline for homeowners to request a pause in mortgage payments is drawing closer. Mortgage rates ticked up from Monday’s average rates. Today’s Mortgage Rates The average rate for a 30-year fixed-rate purchase mortgage was 3.054% on Monday. On Friday, the average rate was 3.039%. Money’s mortgage...

Todays Best Mortgage Rates: Dec. 21, 2020 Money.com 12/21/2020 © Money; Getty Images Mortgage-Rate-Dec-21-illo All-cash offers reached the smallest share of the housing market since 2007 as record-low interest rates make taking out a mortgage more affordable for most buyers. Bidding wars are still the norm, although fewer homes are seeing multiple offers come in. Meanwhile, mortgage rates decreased again on Friday. Today’s Mortgage Rates The average rate for a 30-year fixed-rate purchase...

This Weekends Best Mortgage Rates: Dec. 19 & 20 Money.com 12/19/2020 © Money; Getty Images Mortgage-Rate-Dec-19-illo Mortgages rates dropped to the 15th record low of the year this week. Buyers jumped back into the market as purchase applications increased, as did owners looking to refinance. Concerns over the cost of materials and lack of skilled labor led to a slight decline in builder confidence. Housing starts, although still strong, saw a slight slowdown from previous months. Meanwhil...

Thursdays Best Mortgage Rates: Dec. 17 Money.com 12/17/2020 © Money; Getty Images Mortgage-Rate-Dec-17-illo After three months of records, builder confidence took a step back in December due to concerns about rising construction costs. Despite the slide, builders are still feeling more positive about the housing market than they have in years. Mortgage rates increased by 0.11 percentage points today. Today’s Mortgage Rates The average rate for a 30-year fixed-rate purchase mortgage was 3...

Wednesdays Best Mortgage Rates: Dec. 16 Money.com 12/16/2020 © Money; Getty Images Mortgage-Rate-Dec-16-illo The overall number of mortgage applications increased last week as interest rates remained at record-lows. In November, purchase applications for newly built homes were down from October, but well above 2019 numbers. Meanwhile, mortgage rates are down from yesterday. Today’s Mortgage Rates The average rate for a 30-year fixed-rate purchase mortgage was 3.092% on Tuesday. On Monday...