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Jumbo Mortgage

All articles tagged with #jumbo mortgage

finance2 years ago•4 min saved

Mixed Results for Mortgage Rates: Up, Down, and Everything in Between

The average rate for a new purchase 30-year fixed mortgage increased by 1 basis point to 7.14%, while its refinance counterpart decreased by 1 basis point to 7.54%. Rates for other mortgage types were mixed. Jumbo 30-year mortgage rates moved in sync, with both the new purchase rate and refi rate dropping 12 basis points to sit back at 6.27%. The Federal Reserve paused rate hikes, keeping the fed funds rate at the current range of 5.00% to 5.25%.

via Investopedia|

#30-year-fixed #federal-reserve #finance

finance2 years ago•4 min saved

Mortgage Rates Fluctuate: Refi Rises, Purchase Falls, Demand Varies.

The average rate for a new purchase 30-year fixed mortgage dropped 8 basis points to 7.18%, while the 30-year refinance mortgage rate average ticked up 6 basis points to 7.57%. Rates for jumbo mortgages saw no changes, with the 30-year fixed new purchase mortgage rate still at 6.39%. The recent surge in 30-year rates took the average to another high, 7 basis points above the October high-water mark. Mortgage rates are influenced by macroeconomic and industry factors, such as the bond market, Federal Reserve's monetary policy, and competition between lenders.

via Investopedia|

#30-year-fixed #federal-reserve #finance