Spot Rates Above $3/mile In 46 Of 100 Lanes

Laveta Brigham

This week’s DHL Supply Chain Pricing Power Index: 85 (Carriers)

Last week’s DHL Supply Chain Pricing Power Index: 85 (Carriers)

Three-month DHL Supply Chain Pricing Power Index Outlook: 80 (Carriers)

The DHL Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

Lingering distortions from the Labor Day holiday make weekly comparisons difficult. Accepted tenders up 15% year-over-year this week, compared to 18% a week ago. Carriers are being particularly selective and rejecting more than 1 in 4 contracted loads, which has pushed spot rates above $3/mi. In 46/100 lanes. 

The Pricing Power Index is based on the following indicators:

Load volumes: Absolute levels and momentum positive for carriers

Our Outbound Tender Volume Index (OTVI) is calculated on a seven-day moving average basis to smooth out interday fluctuations. Due to this, the

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15-year mortgage rates are at an all-time low. Here’s how to get the best one

Laveta Brigham

Refinancing remains at the top of many homeowners’ to-do lists, and it has taken on more urgency as a new refi fee is expected to push mortgage rates higher this fall.

A 30-year fixed-rate mortgage might be your automatic first choice. But if you’ve been in your house a few years, refinancing into a 15-year mortgage can keep you from dragging out the debt and piling up massive interest costs.

The monthly payments can be steeper, but the loans come with lower interest rates — currently averaging a record low 2.42%, according to mortgage company Freddie Mac. And this summer, some lenders have even been offering 15-year mortgages at under 2%.

Here are four tips on how to get the very best deal when refinancing into a 15-year mortgage.

1. Run the numbers on 30- and 15-year loans

Most mortgage lenders offer both 30- and 15-year terms. Compare the current

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Mortgage rates are near record low during brief break from new fee, data shows

Laveta Brigham

Mortgage rates are staying close to their all-time lows this week, a popular survey shows, and that’s a blessing for homebuyers who are dealing with overheated prices during what has become a sizzling summer for home sales.

The usual peak spring buying season is underway very late this year because of cornavirus lockdowns earlier in 2020. Dirt-cheap mortgage rates are giving house shoppers more buying power and are partially offsetting the price increases.

But experts say borrowers should move quickly, because rates are likely to rise before long as lenders start dealing again with a new fee that’s currently on hold.

Mortgage rates stick close to all-time lows

Puttachat Kumkrong / Shutterstock

Mortgage rates have ticked up to an average 2.93% for a 30-year fixed-rate loan, from 2.91% last week, mortgage company Freddie Mac said Thursday.

One year ago, the typical 30-year mortgage was going for a steeper 3.49%.

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Homebuyers fired up by low mortgage rates find few open houses to visit

Laveta Brigham

Record-low mortgage rates have helped put more Americans in a homebuying mood in recent months. But with the coronavirus still spreading, many sellers are keeping their social distance.

About 6% of homes that went on the market in July held open houses within the first week, according to real estate brokerage site Redfin. While that marks a rebound from a rock-bottom 1% in April, it’s way down from 16% last year.

“It’s still risky to allow groups of strangers into your home,” says Redfin chief economist Daryl Fairweather. “As a result, more homebuyers have been exploring the world of virtual tours and 3D walkthroughs.”

hook an ultra-cheap mortgage rate and buy a home, get ready for some changes to the traditional open house — or be prepared to attend a virtual tour.” data-reactid=”35″If you’re looking to hook an ultra-cheap mortgage rate and buy a home, get ready for some

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How to Borrow Money at Today’s Low Rates

Laveta Brigham

If you want to buy a house, refinance your mortgage or buy a car, record-low interest rates may have you convinced that the world of borrowing is your oyster. But this oyster is increasingly difficult to crack.

The average interest rate for a 30-year fixed-rate mortgage, for example, has hovered around 3% for weeks, an astonishing development for anyone who remembers double-digit rates from the ’80s and early ’90s. Not surprisingly, many people are eager to take advantage of low rates to buy a home or refinance an existing mortgage.

But even if you have a secure job, taking advantage of these bargain rates may prove more difficult than you anticipated. The sharp economic downturn and continued uncertainty induced by the coronavirus pandemic has made lenders extremely cautious, says Matthew Speakman, economist at the real estate firm Zillow. “Borrowers are being scrutinized right up until the deal is closed,” he

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Mortgage rates plunge after refinance fee is put on hold

Laveta Brigham

Mortgage rates have plummeted after a federal agency announced it would postpone a fee on refinance loans that was sprung on lenders a couple of weeks ago.

The coronavirus “adverse market” fee will now take effect Dec. 1, instead of Sept. 1 — and the relief for borrowers has been immediate. Average 30-year rates have sunk to their lowest level since before the new surcharge first became news.

grab a low refinance rate likely have just a few weeks until the fee starts having an effect again.” data-reactid=”34″But one industry expert warns that homeowners who want to grab a low refinance rate likely have just a few weeks until the fee starts having an effect again.

A fee that caused a furor

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Lenders had been raising rates to start compensating for the new surcharge, but it appears they’ve quickly undone

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UK business leaders speak out as depression rates double

Laveta Brigham

ONS data shows growing depression since the pandemic hit. Photo: Alex Milan Tracy/Sipa USA
ONS data shows growing depression since the pandemic hit. Photo: Alex Milan Tracy/Sipa USA

UK business leaders have spoken out over their mental anguish in recent months after new official data suggested depression rates have doubled since the coronavirus crisis began.

New figures from the Office for National Statistics (ONS) on Tuesday suggested almost one in five adults were likely to be experiencing “some form of depression” in June, up from one in 10 last year. It found 12.9% of adults affected had seen symptoms develop since the pandemic began, with stress and anxiety most common.

The figures encouraged several entrepreneurs to highlight their own mental health struggles as they have battled to keep their firms afloat and radically overhaul business models during the pandemic.

Entrepreneur sells house to keep firm afloat

Many entrepreneurs’ deteriorating mental health has been almost inextricably linked with the turmoil facing the companies they have

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Business chiefs speak out as depression rates double

Laveta Brigham

ONS data shows growing depression since the pandemic hit. Photo: Alex Milan Tracy/Sipa USA
ONS data shows growing depression since the pandemic hit. Photo: Alex Milan Tracy/Sipa USA

UK business leaders have spoken out over their mental anguish in recent months after new official data suggested depression rates have doubled since the coronavirus crisis began.

New figures from the Office for National Statistics (ONS) on Tuesday suggested almost one in five adults were likely to be experiencing “some form of depression” in June, up from one in 10 last year. It found 12.9% of adults affected had seen symptoms develop since the pandemic began, with stress and anxiety most common.

The figures encouraged several entrepreneurs to highlight their own mental health struggles as they have battled to keep their firms afloat and radically overhaul business models during the pandemic.

Entrepreneur sells house to keep firm afloat

Many entrepreneurs’ deteriorating mental health has been almost inextricably linked with the turmoil facing the companies they have

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Mortgage rates spike in response to new fee, but deals are still around

Laveta Brigham

Mortgage rates have taken off ever since lenders found out Wednesday night that they’ll be charged a new fee on most refinance loans.

Average rates on 30-year fixed-rate mortgages have skyrocketed and are above 3% for the first time in months, according to Mortgage News Daily.

“Mortgage lenders don’t like surprises, and they don’t like suddenly being forced to pay hundreds of millions of dollars they hadn’t budgeted for,” says Matthew Graham, MND’s chief operating officer. “When that happens, they are going to raise rates to offset the newfound losses. And that’s exactly what they did.”

But one of the nation’s largest mortgage lenders is offering a 30-year loan with rates as low as 1.999%, so deals are still out there. You just need to know how to find them.

What’s happened to mortgage rates?

Andrii Yalanskyi / Shutterstock

It was just last week that 30-year mortgage rates dropped

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Lender announces 30-year home loan under 2%, even as mortgage rates rise

Laveta Brigham

Though mortgage rates have generally been moving higher this week, one of America’s largest home lenders keeps moving things far in the other direction.

United Wholesale Mortgage — the company that recently announced a 15-year fixed-rate mortgage with rates as low as 1.875% — has just unveiled a 30-year fixed-rate loan that starts at just 1.999%.

UWM’s new deal offers potentially huge savings for borrowers.

“Roughly speaking, this means a consumer with a $300,000 home who puts down 10% and refinances from a 3.14% to 1.999% interest rate can save nearly $128,785.56 over the life of the loan,” UWM said, in an email.

But can anybody get a 1.999% mortgage? Is there a catch?

Rates far below the average

Gearstd / Shutterstock

The rate on UWM’s loan is way below this week’s average rate for a 30-year fixed-rate mortgage: 2.96%, according to mortgage company Freddie Mac. Though rates

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