When recession headlines pick up, many homebuyers and homeowners start asking the same question: do mortgage rates go up or down in a recession? The short answer is that mortgage rates often move lower during or leading into a recession, but that does not
Interest rates don’t move randomly—and they don’t exist in a vacuum. Behind the scenes, the Federal Reserve plays a central role in shaping the cost of borrowing across the economy, including mortgage rates. Understanding how this works
Is your current mortgage rate still working for you? If you're paying more than necessary, now might be a good time to consider refinancing. Even a small drop in your interest rate can make a noticeable difference in your monthly payments — and your
As you start applying for a mortgage loan, you will probably hear the terms “APR” and “mortgage interest rate” a lot from lenders. What do these mean, what is the difference between them, and how do they affect your home loan? Mortgage Interest Rate When
Long-term mortgage interest rates have more than doubled in the past year and hit 14-year highs as of September 2022. If you bought a home in recent years with an adjustable-rate mortgage (ARM), it probably made a lot of sense at the time and helped you s
The Federal Reserve’s September interest rate hike marks the fifth straight increase in 2022. What does that mean for the mortgage world? Fed Rate Hikes The Federal Reserve is in charge of maintaining a healthy level of inflation and employment in the U.S
