mortgage rates

China reduces the main lending rates to capture the lowlands in order to repel the effects of US tariffs

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China reduces the main lending rates to capture the lowlands in order to repel the effects of US tariffs

For the first time in seven months, the Chinese People’s Bank (PBOC) reduced its comparative lending rates to relieve the impact of US tariffs on its economy. The central bank has reduced one and 5 years of loan interest rates (LPR) by 10 bases to 3.0% and 3.5%, both record lowest. These are the main … Read more

It’s a good weekend when you need to capture your rate

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It’s a good weekend when you need to capture your rate

Today, mortgage rates are decreasing. They were steadily rising, but now two days have fallen. According to Zillow, today’s 30 -year fixed mortgage rate decreased by eight basal points to 6.77%and the 15 -year fixed rate decreased by 10 base points to 6.03%; Two consecutive decreasing days can make a good weekend to start buying … Read more