U.S. mortgage rates declined again, and have ended the year lower, according to Freddie Mac. The 30-year fixed mortgage averaged 4.55 percent for the week ending Dec. 27, down from 4.62 percent the previous week. A year ago, mortgage rates stood at 3.99 percent. Low mortgage rates had been helping propel U.S. home sales and…
Many economists say mortgage rates will continue to trend upward this year and peak around 5 percent at most, which is still below average. Mortgage rates averaged consistently above 10 percent every year between 1979 and 1990 and then eased down to a range from 6 to 8 percent between 1992 and 1998, according to…
For millions of Americans, it might soon be easier to get a mortgage loan — or any type of loan, for that matter — especially if they fall in the 500 to 600 FICO score range or have little to no credit history at all. The change comes by way of the UltraFICO — a…
Mortgage rates dropped slightly during the week ending Nov. 1, falling back after increases in the previous period, according to the Primary Mortgage Market Survey released by Freddie Mac. The average rate for 30-year fixed-rate mortgages fell to 4.83%, with an average 0.5 point, from 4.86%. The mortgage averaged 3.94% in the same period in…
