What credit score do you need to buy a house? Your guide to credit and mortgages
The minimum credit score to buy a house varies by loan program. Most home buyers can get approved with a 580 credit score or higher. Learn how.
Category: Mortgage Rates
Mortgage rates hold steady at 2.77%
The average mortgage rate for a 30-year fixed loan fell two basis points last week to 2.77%, according to Freddie Macâs Primary Mortgage Market Survey.
The post Mortgage rates hold steady at 2.77% appeared first on HousingWire.
December sets housing records led by secondary cities
Bottomed-out mortgage rates cut listing times and housing inventory while sales volume and average prices jumped annually.
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 applications decrease as rates move higher
Mortgage applications decreased 1.9% for the week ending Jan. 15 from one week earlier, per data from the Mortgage Bankers Associationâs weekly survey. The drop comes after a robust 16.7% jump in applications the prior week.
The post Mortgage applications decrease as rates move higher appeared first on HousingWire.
FHA loan limits increase for single-family and multifamily loans
Current FHA loan limits for every U.S. county. Check your local FHA loan limit for 1-unit, 2-unit, 3-unit, and 4-unit homes. Limits start at $350K.
Will mortgage rates fall again after this week’s Fed meeting?
Editor’s note: This article was originally published on June 10, 2020, and updated on July 28, 2020, with the latest Fed forecasts Don’t wait on the Fed for lower mortgage […]
Mortgage Rates vs. the Stock Market
Mortgage match-ups: “Mortgage rates vs. the stock market.” With all the recent stock market volatility, you may be wondering what effect such events have on mortgage rates. Do mortgage rates go up if stocks go down and vice versa? Or do they move in relative lockstep? Let’s find out! Stocks and Mortgage Rates Follow the [&hellip
The post Mortgage Rates vs. the Stock Market first appeared on The Truth About Mortgage.
New York exodus gives Westchester most home sales in 24 years
The pandemic-fueled exodus from New York City propelled nearby Westchester County to its strongest year for home sales in more than two decades.
Donât Freak Out About the Recent Mortgage Rate âSpikeâ
Queue the panic. Mortgage rates have officially spiked and the media is all over it. Yep, the average rate on a 30-year fixed mortgage increased from 2.65% to 2.79% this week, per Freddie Macâs weekly survey. Freddie Mac Chief Economist Sam Khater noted in the weekly news release that mortgage rates have been under pressure [&hellip
The post Donât Freak Out About the Recent Mortgage Rate âSpikeâ first appeared on The Truth About Mortgage.