Money’s main takeaways: According to Money’s daily rate survey, the average rate on a 30-year fixed-rate mortgage increased to 6.757%, a change of 0.054 percentage points. According to Money’s daily rate survey, borrowers looking for a 30-year fixed-rate refinance loan found rates averaging 6.858%, an increase of 0.04 percentage points. Freddie Mac’s current rate for … Read more
Money’s main takeaways: Mortgage rates are currently at their lowest level since February 2024 providing many homeowners with a chance to refinance their higher-rate home loans. Home equity continued to set a new record high in June. A larger number of Americans are now also able to access that equity through cash-out refinancing, home equity … Read more
Ads by Money. We may be compensated if you click this ad.Ad Money’s Main Takeaways A reverse mortgage is a type of home loan specifically meant for seniors. Instead of making payments to your lender, you receive payments. A reverse mortgage can be a good idea for homeowners 62 and older if they meet the … Read more