Mortgage rates are plummeting. Should homebuyers jump into the market?

(NEW YORK) -- Mortgage rates have plummeted in recent weeks, boosting the prospects of homebuyers previously stifled by high borrowing costs.Many forecasters predict mortgage rates will drop further, however, since the Federal Reserve expects to cut its benchmark interest rate this year.Those circumstances pose... Read More.

Surging mortgage rates hit 23-year high

(NEW YORK) -- The 30-year fixed mortgage rate this week climbed to 8%, reaching that level for the first time since 2000, according to Mortgage News Daily.The milestone arrives after months of rate increases. As recently as last April, the 30-year fixed mortgage rate stood... Read More.

Mortgage rates surge to 21-year high

(NEW YORK) -- Mortgage rates have climbed to their highest levels in 21 years, according to data released by Freddie Mac on Thursday.The 30-year fixed-rate mortgage averaged 7.09% over the week ending on Thursday, marking a significant increase from 6.96% the week prior, the... Read More.