Borrowers seem to be shopping around less for the best rates when refinancing their mortgages, says a new report. But it could cost them dearly.
This morning's gross domestic product (GDP) and consumer confidence index might move mortgage rates. But we'll be surprised if those rates travel far.
According to National Association of Realtors® research, a 1% decrease in rates could add about 5.5 million households ... to the pool of potential buyers.
We're not expecting big changes in mortgage rates during this short week. But we might be tempting fate.
Credit bureau Equifax yesterday unveiled a significant improvement in how lenders can provide borrowers with more accurate and faster pre-approvals.
Today's consumer confidence report could move mortgage rates, if it contains surprises.
Home prices soared in rural counties when urbanites fled COVID-19. But this pandemic migration created continuing housing affordability issues for existing residents.
Today's consumer price index (CPI) is a key measure of inflation. Today's data might easily send mortgage rates higher or lower.