According to the latest data from mortgage technology and data company Optimal Blue, the current average interest rate for a fixed-rate 30-year conforming mortgage in the U.S. is 6.960%. Read on to learn about the average interest rates for different types of mortgages and how current rates compare to the previous day's last reported rates. Mortgage TypeCurrent RateLast Reported Rate30 Year Conforming6.960%6.992%30 Year Jumbo7.160%7.269%30 Year FHA6.737%6.743%30 Year VA6.500%6.532%30 Year USDA6.795%6.696%15 Year Conforming6.431%6.553%30 Year Conforming6.960%6.992%30 Year Jumbo7.160%7.269%30 Year FHA6.737%6.743%30 Year VA6.500%6.532%30 Year USDA6.795%6.696%15 Year Conforming6.431%6.553% 30-year mortgage rates 30 Years of Compliance According to the latest data available at the time…
Author: Private Lending Agent
Prospective homebuyers in the United States face many challenges: Lack of supply, strong demand, and persistently high interest rates make negotiating the housing market difficult for many.Read more: How to qualify for an affordable mortgageThe looming election presents another factor that those looking to get onto the property buying ladder must consider.Home Prices and Mortgage Rates”There are certainly artificial factors in home prices and mortgage rates, which can lead to greater price and interest rate volatility in election years than non-election years, but those moments of volatility are fleeting,” said Jason Obradovich, chief investment officer at mortgage lender New American…
It noted that international investors were the most active buyers, accounting for 62 percent of investment volume. Scotland sees huge increase in commercial property transactions The firm said Lone Star Property Fund's £111m acquisition of Union Square accounted for the majority of investment in Aberdeen, with retail accounting for two-thirds (67%) of the total over the six month period. Industry was the second most active sector (15%), with hotels in third place (13%). Union Square is home to a variety of shops and restaurants, as well as the Leonardo Hotel and the 10-screen Cineworld multiplex cinema. The building was sold…
“No time to waste money!” 59-year-old with only $40,000 saved asks Dave Ramsey: Pay off your mortgage or save for retirement?In an episode of The Ramsay Show called “Should I Pay Off My Mortgage or Save for Retirement?”, a caller named Dan from Colorado asked for advice on whether he should prioritize paying off his mortgage or saving for retirement. Dan, 59, shared his own complicated financial history, including running a business for 21 years, getting into a lot of debt, and securing a stable job in retirement.do not miss it:Dan's situation is not uncommon. Many people in their late…
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RBC is one of the big six banks and offers a variety of other mortgage products. Fixed Rate Mortgages RBC offers fixed-rate mortgages with a variety of terms, including 1-year, 2-year, 3-year, 4-year, 5-year, 7-year, and 10-year terms for closed mortgages, and 6-month or 1-year terms for open mortgages. Currently, posted rates for 1-year, 3-year, and 5-year fixed mortgages are 7.84%, 6.95%, and 6.70%, respectively. 6-month and 1-year fixed open mortgage rates are both 9.85%. Adjustable Rate Mortgage RBC also offers mortgage rates that change with fluctuations in the prime rate. They offer two variable rate products: a 5-year open…
Signs that inflation is easing have revived hopes that the Federal Reserve will cut interest rates as soon as this summer. But even if that happens, it will come too late for thousands of college students and their families.The interest rate on federal undergraduate student loans payable between July 1, 2024 and June 30, 2025 will be 6.53%, the highest in 16 years. The interest rate on federal Parent PLUS loans, which parents can borrow to help cover the costs of their children's college education, will jump to 9.08%, the highest in 33 years. Federal student loan interest rates are…
In Aberdeen, commercial property investment reached its highest level since 2018, led by the sale of Union Square. The highest level of investment in the Granite City came in the first six months of this year, from January to June, according to the latest data from property consultancy Knight Frank. Knight Frank's analysis of data from Real Capital Analytics (RCA) has revealed that £181m was invested in Aberdeen commercial property in the first half of 2024. Aberdeen accounted for almost a quarter (24%) of Scotland's total investment. Image courtesy of Frame Creates release This is more than double the £78…
AI Revolution: How ChatGPT Transformed My Business and Personal LifeIn today's fast-paced world, managing multiple projects, running a business, and volunteering can be a challenge. As someone who constantly juggles different responsibilities, ChatGPT has been a game changer for me. This AI tool has significantly improved my efficiency and productivity. This blog post is a testament to how ChatGPT has revolutionized both my professional and personal life, enabling me to achieve more than I ever imagined possible.Streamlining business operationsAs a business owner, I wear many hats. From writing and proofreading messages to planning organizations and developing workflows, ChatGPT has become…
Summer Rental by Mary Kay Andrews will have you wondering if your life is on the right track as you consider whether to have gin or vodka with your orange juice. Like a day at the beach, this is an easy read that can be read quickly, but it's not all fun and games for the main characters. Andrews writes at a steady pace, taking the right amount of time to build scenes and emotions, giving it a strong sense of place. A veteran of vacation reading, she is the author of other coastal stories, including “Summers at the Saint,”…