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Mortgage rates decline to lowest level in nine months
Mortgage rates haven’t been this low since mid-October 2024. However, some perspective is in order: For the past nine months, rates have moved in a narrow range. These declines aren’t like the sharp drops seen early in the pandemic, or the big jumps that came in 2022 and 2023, as the Federal Reserve aggressively boosted interest rates.
Another decrease in mortgage increase rates has led to an uptick in home loans, as well as homebuyers looking to refinance.
MBA Mortgage Applications Composite Index: +3.1% vs. -3.8% a week ago Purchase Index: +1.5% vs. -5.9% the previous week ...
Mortgage applications rose 3.1% last week as mortgage rates declined for the third straight week, according to the Mortgage ...
Both can help alleviate financial stress. Here's how to determine which makes sense for you, according to experts.
PennyMac baby bonds like PMTV are a safer, high-yield alternative to preferred shares amidst rising rates and legal risks.
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