Median home prices dropped for a seventh month in January, but mortgage rates climbed. That has pushed the average monthly payment up in most of the 50 largest metros.
If you like your mortgage rate movement boring and minimal, this week's for you (and last week, and the week before that). Going all the way back to January 17th, the average lender hasn't changed ...
Mortgage rates change daily, meaning the mortgage interest rate you see when you first apply for your mortgage preapproval or approval may not be the same rate you end up with at closing.