America’s prospective homebuyers absorb harsh reality: Mortgage rates probably aren’t coming down for a while

By: Many Americans have been holding back from jumping into the housing market in the hopes that mortgage rates will decline. So far, they haven’t. The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say, NBC reports. A combination of…

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Why AP called Arizona for Trump

The Associated Press declared President-elect Donald Trump the winner in Arizona on Saturday night after vote updates in Maricopa and other counties added to his overall lead, putting the state out of … WASHINGTON — The Associated Press declared President-elect Donald Trump the winner in Arizona on Saturday night after vote updates in Maricopa and…

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Today’s 30-year mortgage interest rates drop to 6.88% while 15-year terms fall to 6.00%

By: The median interest rate on a 30-year fixed-rate mortgage is 6.88% as of November 8, which is 0.11 percentage points lower than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 6.00%, which is 0.13 percentage points lower than yesterday. Due to encouraging economic data, the Fed cut the federal funds rate…

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