Nerdwallet Mortgage Rate Index Methodology

Index methodology: The NerdWallet Mortgage Rate Index is based on a sampling of daily mortgage rates from national mortgage lenders for the following consumer profile*: Location: Schaumburg, Ill (ZIP: 60173) Why: We identified a suburban location near a major metro area and a suburban location where the median sales price of the closest metro aligns... Alex Bernhart is a writer at NerdWallet.

BING NEWS:
  • Mortgage application drops as interest rate rises
    MBA Mortgage Applications Composite Index: -2.7% vs. +3.3% a week ago. Purchase Index: -1.0 vs. +5.0% in the previous week. Refinance Index: -5.6% vs. +0.5% in prior week. 30-year fixed-rate mortgages ...
    04/24/2024 - 12:04 am | View Link
  • Mortgage demand drops as interest rates soar over 7%
    The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.24percent % from 7.13% Applications for a mortgage to purchase a ...
    04/24/2024 - 12:00 am | View Link
  • Here’s what 5 financial advisors reveal they’d do with an extra $1,000. But are these moves right for you?
    When it comes to investing, one rough rule of thumb is the so-called 50/15/5 rule — designed for planning, saving and spending. With this rule, consumers would allocate 50% of their take-home pay to ...
    04/23/2024 - 11:18 pm | View Link
  • Check it out: This is what the average household spends on grocery costs per month
    We researched the average grocery cost per month across varying household sizes across the U.S. — here’s what we found.
    04/22/2024 - 10:08 pm | View Link
  • How Is the Economy Doing?
    The core measure of the consumer price index excludes two volatile ... from a selection of major national mortgage lenders. The APR is based on the interest rate and indicates all of the costs ...
    04/22/2024 - 5:54 pm | View Link
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