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Mortgage Rates Are Lower This Week. Could They Drop Further?
Homes

Mortgage Rates Are Lower This Week. Could They Drop Further?

  • Kate Wood

Mortgage rates eased downward this week. It's a minor movement for a surprisingly busy news week — there's a lot going on at the moment that has implications for potential home buyers and refinancers.The average rate on a 30-year fixed-rate mortgage fell four basis points to 6.55% APR in the week ending Aug. 20, according...

WATCH: Senators announce $11B housing bond amid deficit
California

WATCH: Senators announce $11B housing bond amid deficit

  • By Madeline Shannon | The Center Square

(The Center Square) – Leaders of the California Senate announced they are pushing an $11.25 billion housing bond that would pay for construction of new housing across the state.

Canada

Renewing Your Mortgage? There’s More to Budget for Than a Higher Rate

  • Deborah Kearns

For homeowners nearing the end of a mortgage term, 2026 might feel like the worst time in history to renew.In addition to higher interest rates, which have risen about three percentage points since 2021, households are also grappling with a cost-of-living crisis, a wobbling economy, employment uncertainty and, in some cases, softening home values.Problems of...

Canada

As The Earth Quakes, The Bank of Canada Stands Its Ground

  • Clay Jarvis

In the nearly three weeks since the Iran war started, oil prices have been jolted to more than $97 USD a barrel, government bond yields have spiked, and inflation fears have come roaring back. If the conflict drags on, the Bank of Canada may be forced to act. But not yet. On March 18, the...