Mortgage Rates Increase Slightly, Pumping the Brakes on the Refinance Boom

tupungato/iStock Mortgage rates increased for only the ninth time this year — putting a damper on refinance activity in the process. The 30-year fixed-rate mortgage averaged 3.58% during the week ending Aug. 29, up three basis points from the previous week, Freddie Mac reported Thursday. Nevertheless, mortgage rates remained near the lowest levels they’ve been at over […] Continue reading →

As Interest Rates Plummet, Should You Refinance Right Now?

alexsl/iStock; realtor.com As mortgage interest rates continue to drop to record lows, many homeowners are wondering: Should they refinance their mortgage right now? Timing a refi is always tricky, but the time may indeed seem ripe for one, since according to Freddie Mac’s most recent Primary Mortgage Market Survey released Aug. 22, the average 30-year fixed […] Continue reading →

Home-Price Growth Continued to Slow in June

ROGER KISBY FOR THE WALL STREET JOURNAL Home-price growth continued to decelerate in June, the latest sign that lower mortgage rates are providing little boost to a housing market that has been slowing for the past year. Average national home prices grew 3.1% in the year ending in June, according to the S&P CoreLogic Case-Shiller […] Continue reading →

The Dirty Secret About Most ‘Fixer Uppers’

Mark Wilson/Getty Images Before you try to become your own dime-store Chip or Joanna Gaines, go back and check the math again on that “fixer upper.” Then maybe check it a third time. That’s the message of a new survey, which found that despite the glamor and plethora of TV programs devoted to home renovation, such […] Continue reading →