Credit card, car loans, and mortgage payments have all been rising in the US—and it's not just because of interest rate hikes
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The share of ARM applications rose to 7.8% of mortgage demand last week, according to the Mortgage Bankers Association. That is the highest level of the year.
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Today's 30-year mortgage rates plummet while 15-year mortgage rates rise | May 1, 2024
The interest rate on a 30-year fixed-rate mortgage is 7.125% as of May 1, which is 0.375 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.625%, which is 0.125 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms, and fees to ensure you get the best deal. Rates last...
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The five US cities where rents are rising the most
Rents in 18 of America's 50 largest metros have seen rents go up this year. New report by Realtor.com shows tenants in Chicago have seen the biggest hike. Rents have been a key driver of inflation,