Many Americans approaching retirement face a common question: should you tap into your retirement savings to pay off your mortgage? On her “Women & Money” podcast, personal finance expert Suze Orman addressed this dilemma from a listener in his early 60s, providing insight that could help others in similar situations. Jody, just shy of 64,…
Mortgage rates are continuing to sink lower. According to Freddie Mac, the national average 30-year rate is now 6.50%, down six basis points in one week. The 15-year fixed mortgage rate is down nine basis points to 5.60%. Both are new lows for 2025. With rates on a downward trend, the share of mortgage applications…
Mortgage rates have been inching down recently, but they’re up again today. According to Zillow data, the 30-year fixed mortgage rate has increased by five basis points to 6.52% while the 15-year fixed rate moved up seven basis points to 5.70%. The CME FedWatch tool reports an 85% chance that the federal funds rate will…
Mortgage interest rates are a bit unsteady today. According to Zillow, the average 30-year fixed mortgage rate dropped seven basis points to 6.5%. Meanwhile, the 15-year rate saw a slight increase, up three basis points to 5.47%. This instability can likely be attributed to inflation. Yesterday, the Bureau of Labor Statistics released the July Consumer…
Today’s mortgage rates have moved in opposite directions. According to Zillow, the 30-year fixed mortgage rate is down by six basis points to 6.44% while the 15-year fixed rate moved up three basis points to 5.73%. After the release of the July Jobs report, which showed weak employment data, the CME FedWatch tool now reports…