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Mortgage Rates Move Lower as Economic Outlook Worsens

Mortgage Rates Move Lower as Economic Outlook Worsens

Mortgage interest rates improved slightly this week, though that's not much comfort given the state of the world. In truth, it's actually a sign of how negative the economic outlook's becoming. The average rate on a 30-year fixed-rate mortgage fell to 6.

Looser Banking Rules Could Mean Cheaper Loans For You. What Could Go Wrong?

Looser Banking Rules Could Mean Cheaper Loans For You. What Could Go Wrong?

There’s a constant tightrope act at the center of the financial system. When loans get cheaper and easier to access, the financial system is taking on more risk somewhere. That tradeoff is at the center of three new rules proposed by financial regulators that would let banks hold less

April Mortgage Outlook: It’s Not Good

April Mortgage Outlook: It’s Not Good

March was a tough month on many fronts, and that includes mortgage rates. At the end of February we saw the lowest 30-year averages since September 2022. A mere four weeks later, average rates are about 40 basis points higher — that's almost half a percentage point (a

Rising Mortgage Rates May Squelch Spring Homebuying Season

Rising Mortgage Rates May Squelch Spring Homebuying Season

This has been a rough week on numerous levels, and mortgage rates are no exception. The average rates starting with a five that we saw in February — somehow only four weeks ago — now feel like a fever dream. The average rate on a 30-year fixed-rate mortgage rose to

Global Tensions Push Up Weekly Mortgage Rates

As the Iran war continues into its second week, markets remain unsettled by uncertainty over oil prices and inflation — two forces that ripple through the economy to affect mortgage rates. The average rate on a 30-year fixed-rate mortgage rose seven basis points to 5.98% APR in the

Sheehy housing legislation aimed at vets passes Senate

The first piece of legislation Sen. Tim Sheehy introduced as a senator, an effort to increase VA Home Loan awareness, has passed the U.S. Senate as part of a broader package of housing legislation, his office announced. The legislation, co-led by Sen. Chris Van Hollen, a Maryland Democrat,

Battling Broke: Montana homeowners face tough decisions when downsizing or upgrading

Battling Broke: Montana homeowners face tough decisions when downsizing or upgrading

BOZEMAN, Mont. – Many homeowners in Bozeman are finding themselves in a challenging situation when it comes to upgrading or downsizing their homes due to rising costs. Matt Ryan, a real estate advisor for Bozeman Real Estate Group, discussed the issue of homeowners feeling trapped by what he calls the "