Factors Influencing Mortgage Rates for St. Louis Borrowers
At last glance, the 30-year fixed mortgage was back above 7%, depending on the data source. If you’re a home buyer in St. Louis or anywhere in the US, you might be wondering why these rates are soaring. Prior to late July and early August, the popular loan product could be had for closer to 6.5%. Or even in the high 5% range, if paying…
You don’t want to mess around on a decision as big as the place you’re going to call home. When you buy a house, you’re making a long-term commitment to that house and everything that comes along with owning a home.
How do you know when you’ve found a place that’s commitment-worthy? Sometimes, a place will feel like home the moment you pull up to the curb. More likely, though, it’…
Mortgage Rates Remain Low
For 10 out of the last 11 weeks, mortgage rates have remained in the low four-percent territory.
The national average 30-year fixed rate rose just 1 basis point (0.01%) to last Thursday, says Freddie Mac.
You wouldn’t think rates would be this low.
The stock market just crested 26,000 for the first time in history. Companies are reporting healthy…