Hima Gottumukkala - Mortgage Lending

07/06/2022

https://www.forbes.com/advisor/mortgages/mortgage-rates-07-05-22/

The current average rate on a 30-year fixed mortgage is 5.68%, compared to 5.98% a week earlier. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 4.90%, down 0.30% from the previous week. Homeowners who want to lock in a lower rate by refinancing shoul

05/30/2022

https://www.cnbc.com/video/2022/05/25/housing-market-isnt-going-to-crash-a-plateau-is-more-likely.html

CNBC's Diana Olick joins 'The Exchange' to report on the housing market slowdown.

05/30/2022

https://www.cnbc.com/2022/05/25/mortgage-demand-slides-further-even-as-interest-rates-pull-back-slightly.html

Mortgage rates turned lower for the second straight week, according to the Mortgage Bankers Association.

01/02/2022

Happy New Year !!

12/15/2021

https://www.cnbc.com/2021/12/14/how-to-take-cash-out-of-your-home-when-mortgage-rates-are-rising.html

12/15/2021

30-year fixed mortgage rates: 3.125%, unchanged
20-year fixed mortgage rates: 2.875%, unchanged
15-year fixed mortgage rates: 2.375%, unchanged
10-year fixed mortgage rates: 2.250%, down from 2.375%, -0.125

Rates last updated on Dec. 15, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

What this means: Day-to-day rate fluctuations are common, and 10-year purchase rates have gone up or down every day this week. With rates for this shorter term dropping to 2.250% today, homebuyers who can swing a higher monthly payment could maximize their savings by locking in a rate for this term while it’s still low. Rates across all terms are unlikely to go lower, as mortgage experts have predicted further increases at the end of this year and into next year.