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Mortgage rates

Mortgage rates rise to 2.87% after jobs report

The average 30-year fixed-rate mortgage rose to 2.87% for the week ending in August 12, according to mortgage rates data released Thursday by Freddie Mac‘s PMMS. The increase follows six consecutive weeks of mortgage rate declines. The week prior, mortgage rates slipped down to 2.77%, as the 10-year Treasury yields declined and fears over the…

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Federally-Backed Mortgage

How to Get 25% Off Your Federally-Backed Mortgage

Photo: Artazum (Shutterstock)With a moratorium on foreclosures ending July 31, a new White House policy aims to stave off a wave of dispossessed homes by reducing monthly premiums by 25% for borrowers struggling to pay off their federally backed mortgages. Here’s what you need to know about getting that discount—whether you’re currently in mortgage forbearance…

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Mortgage refinance

Mortgage refinance rates on July 7, 2021: Rates tick lower

John Greim/Getty Numerous important refinance rates declined today. Both 15-year fixed and 30-year fixed refinances saw their mean rates decrease. In addition, the average rate on 10-year fixed refinance also trailed off. Although refinance rates fluctuate , they have been quite low recently. For those looking to lock in a good rate, now is an…

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Mortgage rates

Here are mortgage rates for July 7, 2021: Rates decrease

Jeff Greenberg/Getty A number of principal mortgage rates slid downward today. 15-year fixed and 30-year fixed mortgage rates both slumped. We also saw a reduction in the average rate of 5/1 adjustable-rate mortgages. Although mortgage rates are always moving, they are quite low right now. Because of this, right now is a great time for…

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Mortgage Rocket

Rocket Mortgage Classic 2021: Cam Davis Tops Troy Merritt, Joaquin Niemann in Playoff

Cam Davis outlasted Troy Merritt and Joaquin Niemann in a three-way playoff on the way to winning the 2021 Rocket Mortgage Classic. The course at Detroit Golf

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Foundation Mortgage

Foundation pays off mortgage for family of fallen trooper

HANOVER, Va. (AP) — A charitable foundation has paid off the mortgage on a Virginia home belonging to the family of a late state trooper who was fatally injured while on duty in 2015. The Tunnel to Towers Foundation announced Friday it had satisfied the mortgage for the Hanover County home where Virginia State Police…

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Current Mortgage

Current mortgage rate for June 24, 2021: Rates cool off

John Greim/Getty A variety of major mortgage rates sunk lower today. While 15-year fixed mortgage rates grew, interest rates on 30-year fixed-rate mortgages dwindled. For variable rates, the 5/1 adjustable-rate mortgage decreased. Mortgage interest rates are never set in stone, but interest rates are historically low. Because of this, right now is a great time…

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Mortgage rates

Mortgage rates jump back up to 3.02%

The average 30-year fixed-rate mortgage rose nine basis points from the week prior to 3.02%, according to data released Thursday by Freddie Mac‘s PMMS. This is the first time in 10 weeks mortgage rates have risen above 3%. “As the economy progresses and inflation remains elevated, we expect that rates will continue to gradually rise in the second…

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Mortgage rates

Mortgage rates: 14.1M homeowners are not refinancing despite low interest rates. Should you refinance now?

Skip to main content This content is only available to USA TODAY subscribers.Subscribe for as low as $4.99 per month.Your subscription includes access to:Exclusive, subscriber-only content and weekly email newsletterOur most popular newsletter, Daily Briefing, to keep you updated on the day’s top storiesFull access on your desktop, tablet and mobile deviceThe eNewspaper, a digital…

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Mortgage rates

Mortgage rates Slide down to 2.96Percent

Mortgage rates fell again last week, dropping three basis points to an average of 2.96%, according to Thursday data from Freddie Mac‘s PMMS. Rates have now managed to stay within a five basis point range above or below 3% for nearly two months. Higher mortgage rates historically have signaled a strengthened economy. But this is no ordinary economy:…