Interest Rates

Interest Rates in December 2018

Interest rates on conventional purchase-money mortgages were nearly flat from November to December. This is according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.83 percent.¬† This includes loans closed in late December, Read more…

Banks and Banking

Mortgage Rates Increased in October 2018

Mortgage Rates Increase in October 2018 ‚ÄčNationally, interest rates on conventional purchase-money mortgages increased from September to October, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.75 percent. for loans closed in Read more…