Rachel Witkowski
Rachel Witkowski is a writer for Forbes, specializing in mortgage rates and financial news. She consistently provides unbiased, accurate, and easy-to-understand articles on mortgage rates.
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
Mortgage Rates Decrease on December 4, 2023 Amid Economic Factors
Broke On: Monday, 04 December 2023Mortgage rates for December 4, 2023, have decreased compared to the previous week. The average rates for 30-year fixed loans, 15-year fixed loans, and 30-year jumbo loans are currently at 7.52%, 6.71%, and 7.57% respectively. Despite the decrease in mortgage rates, the demand for home buying remains low due to limited inventory and high prices. Experts predict that mortgage rates may stabilize in 2024 due to changing economic conditions. Mortgage Rates Decrease on November 9, 2023: A Shift in the Housing Market
Broke On: Thursday, 09 November 2023As of November 9, 2023, mortgage rates have decreased across the board. The Federal Reserve has held firm on another rate hike this month, indicating it expects rates to stay on the higher side for the foreseeable future. Adjustable-rate mortgages (ARMs) are becoming a competitive option again, offering lower rates than fixed-rate mortgages. Home affordability is at its worst level in nearly four decades, according to Fannie Mae. Mortgage and Refinance Rates Update: November 8, 2023
Broke On: Wednesday, 08 November 2023The average rate on a 30-year fixed mortgage refinance is 8.02% as of November 8, 2023 The average rate on a 15-year mortgage refinance is 7.20% as of November 8, 2023 Refinance rates are typically higher than purchase loan rates due to additional risk for the lender Understanding how to calculate mortgage payments and the importance of the annual percentage rate (APR) can help secure the best possible rate Comparing rates from multiple lenders can help secure the best possible mortgage or refinance rate