Vijay Venugopal’s Post

Mortgage Rates Plunge to Lowest Level in Months. Today's Mortgage Rates, Dec. 4, 2024 https://lnkd.in/ewaZtdDh #tech #technology #techiewomen

🏠📈 Mortgage Rates Up Today, But Brighter Days May Be Ahead! 💡✨ Today’s average 30-year fixed mortgage rate sits at 6.82%, while the 15-year average has climbed to 6.10%—up from last week. The rise is driven by factors like strong economic data, the upcoming election, and global uncertainties. 🌍📊 But here’s the silver lining! 🌤️ On Nov. 7, the Fed is expected to cut interest rates, which could pave the way for lower mortgage rates in the months ahead, especially as inflation cools and economic conditions stabilize. 🏦📉 ✔️ The Opportunity: Lock in a rate now, or stay ready to pounce when rates fall! Whether you're buying or refinancing, staying informed helps you make the best move. 🏃♂️💰 Questions about your options? I’m here to help! 💬📲 #MortgageUpdate #RatesOnTheRise #FedMeeting #HomeBuyers #RefinanceOpportunity #StayPositive #HomeFinanceTips

You can’t control the economic factors influencing interest rates... but you can get the best rate for your situation, and improving your credit score is the right place to start. A higher credit score can help you secure a lower interest rate, maybe even better than the average. Here are some steps to improve your credit score, along with examples of how different scores could affect your monthly mortgage payments: https://bit.ly/3scgsED

The average for a 30-year fixed mortgage is 6.89% today, an increase of 0.02% from seven days ago. The average rate for a 15-year fixed mortgage is 6.13%, which is a decrease of -0.02% since last week. After its September 0.5% interest rate cut, the central bank made a 0.25% reduction at its Nov. 7 policy meeting. Ongoing rate cuts, combined with cooler inflation and slower economic growth, should allow mortgage rates to fall. https://lnkd.in/gX-sBh7s.cnet.com%2Fpersonal-finance%2Fmortgages%2Fmortgage-rates-inch-up-since-last-week-current-mortgage-interest-rates-on-nov-7-2024%2F&utm_campaign=aga&utm_source=agsadl2%2Csh%2Fx%2Fgs%2Fm2%2F4

The average 30-year fixed mortgage rate fell from around 7% to 6.5% in less than a week, dipping to the lowest level in over a year (as of 8/20/2024). Homebuyers and current homeowners took advantage of lower rates, driving mortgage demand to its highest level since January 2023. According to the Mortgage Bankers Association, mortgage applications increased 16.8% for the week ending Aug. 9: https://bit.ly/3Xmt7Sh

The average 30-year fixed mortgage rate fell from around 7% to 6.5% in less than a week, dipping to the lowest level in over a year (as of 8/20/2024). Homebuyers and current homeowners took advantage of lower rates, driving mortgage demand to its highest level since January 2023. According to the Mortgage Bankers Association, mortgage applications increased 16.8% for the week ending Aug. 9: https://bit.ly/3Xmt7Sh

The average 30-year fixed mortgage rate fell from around 7% to 6.5% in less than a week, dipping to the lowest level in over a year (as of 8/20/2024). Homebuyers and current homeowners took advantage of lower rates, driving mortgage demand to its highest level since January 2023. According to the Mortgage Bankers Association, mortgage applications increased 16.8% for the week ending Aug. 9: https://bit.ly/3Xmt7Sh

The average 30-year fixed mortgage rate fell from around 7% to 6.5% in less than a week, dipping to the lowest level in over a year (as of 8/20/2024). Homebuyers and current homeowners took advantage of lower rates, driving mortgage demand to its highest level since January 2023. According to the Mortgage Bankers Association, mortgage applications increased 16.8% for the week ending Aug. 9: https://bit.ly/3Xmt7Sh

The average 30-year fixed mortgage rate fell from around 7% to 6.5% in less than a week, dipping to the lowest level in over a year (as of 8/20/2024). Homebuyers and current homeowners took advantage of lower rates, driving mortgage demand to its highest level since January 2023. According to the Mortgage Bankers Association, mortgage applications increased 16.8% for the week ending Aug. 9: https://bit.ly/3Xmt7Sh

The average 30-year fixed mortgage rate fell from around 7% to 6.5% in less than a week, dipping to the lowest level in over a year (as of 8/20/2024). Homebuyers and current homeowners took advantage of lower rates, driving mortgage demand to its highest level since January 2023. According to the Mortgage Bankers Association, mortgage applications increased 16.8% for the week ending Aug. 9: https://bit.ly/3Xmt7Sh