On Wednesday, Oct. 28, the Federal Reserve announced that central bankers would leave the federal funds rate unchanged. Since this was in line with market expectations, mortgage rates shouldn’t have much of a reaction — yet.The average rate on a 30-year fixed-rate mortgage slid 10 basis points to 7.17% APR in the week ending Oct....
Mortgage rates eased downward a little this week, but they're still firmly north of 7%.The average rate on a 30-year fixed-rate mortgage slid eight basis points to 7.26% APR in the week ending Oct. 22, according to rates provided to NerdWallet by Zillow. (A basis point is one one-hundredth of a percentage point.) We calculate...
Side view of female in green sweater staying on the balcony holding cup of coffee and watching majestic colourful autumn leaves on the trees outside
Mortgage rates fell this week, breaking a seven-week streak of increases.The average rate on a 30-year fixed-rate mortgage dropped seven basis points to 7.34% APR in the week ending Oct. 15, according to rates provided to NerdWallet by Zillow. (A basis point is one one-hundredth of a percentage point.) We calculate our weekly average using...
This is the fourth week in a row that mortgage rates have moved up in double-digit increments.The average rate on a 30-year fixed-rate mortgage rose 15 points to 7.41% APR in the week ending Oct. 8, according to rates provided to NerdWallet by Zillow. (A basis point is one one-hundredth of a percentage point.) We...
While a typical home listing might tout spacious bedrooms and proximity to schools, the marketing for homes within 55+ communities appeals to prospective residents from a different angle. You’ll see images of friends lounging glamorously by the pool and playing tennis, with enticing words like “resort-style amenities” and “low-maintenance living.”In addition to attractive lifestyle comforts,...
