Tag: Mortgage Rates 2023

Homebuyers are increasingly backing out of deals as mortgage rates stand at a 23-year high. Dara from Redfin found that around 53,000 home purchase agreements in the US were abandoned in September; 16.3% of all home sale contracts that month. This is the highest...

U.S. mortgage rates retreated slightly this week but remained above 7% for a fourth consecutive week. According to data from Freddie Mac, the 30-year fixed mortgage fell from 7.18% to 7.12%. Resilient mortgage rates have lowered both supply and demand; while buyers are despondent due...

U.S. mortgage rates surged past 7% this week, hitting their highest level in over two decades. Freddie Mac's release on Thursday showed that mortgage rates went from 6.96% last week to 7.09%, marking only the third occasion that they have risen above the 7%...

Despite average mortgage rates remaining above 6%, new home buyers are receiving lower rates, UBS homebuilders and building products analyst John Lovallo revealed. According to Lovallo, recent buyers who are purchasing newly built homes are paying mortgage rates of 5% or less - below the...

Mortgage rates increased for the week ending April 22, thereby bringing an end to weeks of mortgage rate declines. This shift has convinced many rate-sensitive buyers to put off their home purchase plans for the meantime. Freddie Mac reported that the average 30-year fixed mortgage...

U.S. mortgage rates declined for a fourth consecutive week, with the average rate on the 30-year fixed mortgage falling to 6.28% from 6.32% the week before, Freddie Mac reported. Despite this decline, rates don't seem to have fallen enough the convince homeowners to list their...