Editor's note: We earn commission from Forbes Advisor partner links. Commissions do not influence our editors' opinions or ratings. According to Curinos, the current interest rate for a 30-year fixed mortgage is 7.28%, while the average interest rate for a 15-year mortgage is 6.53%. The average interest rate for a 30-year jumbo mortgage is 7.29%. Mortgage interest rates as of July 12, 2024 Source: Curinos See moreSee more 30-year mortgage rates Borrowers paid an average interest rate of 7.28% on a 30-year mortgage, down from 7.39% the previous week. Currently, the average annual percentage rate (APR) for a 30-year fixed-rate…
Author: Private Lending Agent
Between March 2022 and July 2023, the Federal Reserve raised its benchmark interest rate 11 times. As a result, savings rates skyrocketed. The Federal Reserve has since paused further rate hikes, but savings rates have remained stable. So, if you're looking for the best interest rates available right now, here's where to find them.How today's savings rates compare to the national averageThough savings rates are historically high, the national average interest rate on savings accounts is still just 0.45%, according to the FDIC. The good news is that the top high-yield savings accounts offer annual interest rates of 5% or…
Between March 2022 and July 2023, the Federal Reserve raised its benchmark interest rate 11 times. As a result, savings rates skyrocketed. The Federal Reserve has since paused further rate hikes, but savings rates have remained stable. So, if you're looking for the best interest rates available right now, here's where to find them.How today's savings rates compare to the national averageThough savings rates are historically high, the national average interest rate on savings accounts is still just 0.45%, according to the FDIC. The good news is that the top high-yield savings accounts offer annual interest rates of 5% or…
Any affiliate links to products on this page are from partners who pay us a commission (see our advertiser disclosure and partner list for more information), but our opinions are our own. Find out how we rate mortgages and write an unbiased product review. Mortgage rates fell this week and could fall further in the coming weeks and months as inflation continues to slow. The average rate on a 30-year mortgage fell to 6.89%, down 6 basis points from the previous week, according to Freddie Mac. On Thursday, the Bureau of Labor Statistics reported that the Consumer Price Index rose…
Firm Capital Mortgage Investment Company (TSE:FC – Get Free Report ) rose above its 200-day moving average during trading on Thursday. The stock's 200-day moving average is C$11.10 and it traded as high as C$11.35. Shares of Firm Capital Mortgage Investment were last traded at C$11.26 with trading volume of 41,007 shares. Wall Street analysts predict growth Meanwhile, TD Securities increased their price objective on Firm Capital Mortgage Investments from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Monday, March 25th. Check out our latest stock analysis for Firm Capital Mortgage Investment Firm Capital's…
Image source: Getty ImagesWhen I added 294 shares of Scottish Mortgage (LSE: SMT) to my portfolio at £6.76 per share last June, I thought I'd made a huge mistake – in fact, I almost sold the shares straight away, fearing I'd become seduced by past fantastic performance that could never be replicated.Scottish Mortgage Investment Trust soared during the early stages of the US tech stock boom, only to lose half its value when the sector crashed in 2022. I can't resist a bargain, but then I began to wonder: just because a stock or trust falls by 50% doesn't mean…
Welcome to Landlord Law's weekly news round, where we bring you the latest housing news and more. As you know, there is the King's Speech on Wednesday and we will likely know more about the new Labour government's intentions after that. In the meantime, here are some other news items that caught our eye this week: New EPC targets to be announced next week A Department of Energy Security and Net Zero (DESNZ) spokesman said the department is due to announce as early as next week that PRS homes will need to reach at least an EPC C rating by…
Friday, July 12, 2024 7:58 AM Share Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share via email Balanced Commercial Property Trust has sold its offices on King Street, Manchester. Photo: Balanced Commercial Property Trust Balanced Commercial Property Trust has closed more offices as part of a strategy to focus more on the food and drink sector. The London-listed company has sold two offices: a 22,300 sq ft site with space for 10 tenants on Birchin Lane in London, and an 83,500 sq ft mixed-use lettable complex on King Street in Manchester.…
Law firm Irwin Mitchell has announced that commercial partner Pete Maguire has been appointed head of the firm's national manufacturing sector group. Pete is based in the Birmingham office and joined Irwin Mitchell earlier this year from Wright Hassall, where he was co-leader of the Advanced Manufacturing and Engineering Sector Group. He advises companies, including manufacturing companies, on commercial contracts including drafting and negotiating contracts with both suppliers and end customers at all tiers of the manufacturing supply chain, logistics, outsourcing and commercial agreements. In his new role, he will lead a multi-disciplinary team of commercial, real estate, ESG, employment,…
Mortgage rates rose last week, according to Bankrate's latest survey of lenders. Home prices hit record levels in late spring, inflation is slowing overall, and the Federal Reserve, at its latest meeting, hinted at just one rate cut by the end of the year.The 30-year fixed mortgage rose slightly to 7.09%, the 15-year rose to 6.51% and the 30-year jumbo remained steady at 7.13%.In this week's survey, discount points and origination points for a 30-year fixed mortgage averaged a total of 0.27. Discount points are a way to lower your mortgage interest rate, while origination points are a fee charged…