Why are mortgage rates going up? Biden, vaccines, and interest rates
Mortgage rates moved up last week, and it looks like they’ll keep rising in 2021. But how high will rates go? Should you try to lock in now?
Mortgage rates moved up last week, and it looks like they’ll keep rising in 2021. But how high will rates go? Should you try to lock in now?
Mortgage rates are off to a decent start this week with the average lender offering slightly better terms compared to last Friday. The progress actually began earlier last week. On Tuesday morning, rates were at their highest levels in exactly 2 months after jumping at a relatively quick pace in response to the Georgia senate election. The underlying bond market was making an adjustment for a likely increase in Treasury issuance in the short term. There was no way to be sure how long that adjustment would last or how much it would impact rates. That uncertainty began to clear up on Tuesday as a scheduled auction of US Treasury debt was met with strong demand. After that, the tone in the bond market shifted for the better and we’ve seen additional examples of resilience. In general, when bonds
Mortgage applications jumped 16.7% after a 4.2% drop last week, according to the Mortgage Bankers Association. The jump underlines the seasonality behind last week’s decrease, as well as the expectation of additional fiscal stimulus from the incoming administration.
The post New-year optimism reflected in mortgage applications jump appeared first on HousingWire.
See the numbers behind how Americans rent, buy, sell and even think about home.
Mortgage Rates Today, January 8, 2021 | Key rate advances Bankrate.com
Are you ready to buy a home? Youâre not aloneâin 2019, more than five million people bought an existing home. And that doesnât even include the number of people who purchased new construction. The point is, the housing market is always bustling and busy. And if itâs your first time buying a home, it might seem a… Read More
The post How Much Cash Do You Really Need to Buy a Home? appeared first on Credit.com.
A home equity loan can allow you to access large sums of money without selling your home. Using your home as collateral, you can get a loan to finance anything you want or need â…
The post Home Equity Loan: What Is It and How Does It Work? appeared first on Crediful.
More students have student loan debt, and their total debt is larger than ever before. Would it be worthwhile to roll student loan debt into a mortgage?
The post Should You Roll Your Student Loan Debt Into Your Mortgage? appeared first on Bible Money Matters and was written by Melissa. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
From selling things that no longer spark joy to transforming your hobby into a side hustle, here are the best ways to diversify your sources of income.
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The post 6 Ways to Find Extra Income (video) appeared first on MintLife Blog.