Mortgage rates surpass 7% for the first time this year
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More first time buyers apply for a mortgage in April
The number of first-time buyers applying for a mortgage reached a five-year high in April, according to figures from market research group HDN. In total, 14,500 first-time buyers requested a mortgage last month, up 2,500 on the same period in 2023. The average amount they requested – €353,000 – was also a five-year high, HDN said. In total, buyers applied for some 45,000 mortgages in the fourth month of the year, a rise of 40% on 2023. National statistics office
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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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Mortgage demand drops as interest rates soar over 7%
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