Instant Reaction: Mortgage Rates, August 29, 2024
Facts: The average 30-year fixed mortgage rate from Freddie Mac dropped to 6.35% this week from 6.46% last week. At 6.35%, with 20% down, a monthly mortgage payment on a home with a price of $400,000 is $1,991. With 10% down, the typical payment would be $2,240. Positive: This is the lowest that mor
Pending Home Sales Dropped 5.5% in July
+2.2% Latest News Pending home sales increased 2.2% in November 2024, with the Midwest, South, and West regions of the U.S. experiencing month-over-month gains in transactions, while the Northeast decreased. Year-over-year, contract signings increased in all four regions, with the West leading the p
What To Know About Credit Scores Before Buying a Home
What To Know About Credit Scores Before Buying a Home If you want to buy a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a mortgage. Lenders review your credit to see if you typically make payments on time, pay back debts, and more. Your cr
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