Mortgage Rates Steady to Slightly Lower

Mortgage rates rose at the fastest pace in 2 weeks yesterday, but that wasn't a very tall order considering an almost perfect absence of movement leading up to that.  Now today, a good amount of that small amount of damage has been undone. Bonds responded favorably to this morning's economic da

Average Rate on 30-Year Mortgage Eases

Rates on a 30-year mortgage fell to 6.86% from 6.87% last week, Freddie Mac said. Rates on 15-year mortgages rose to 6.16% from 6.13% last week.

Fed's Bowman: Don't See Any Rate Cuts for 2024

Federal Reserve Gov. Michelle Bowman said a swift decrease in interest rates could lead to a rebound in inflation. Interest rates are tied to mortgage rates.

Home Flipping Activity, Profits Rise in Q1

Home flippers typically earned a 30.2% gross profit nationwide before expenses on homes sold in Q1 2024, the real estate data company ATTOM found.