Mortgage Rates Surge to 21-Year High
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%...
Mortgage Rates Close in on 14-Year Record
The rate on the 30-year fixed mortgage rose from 5.66% to 5.89% this week; a staggering 2.5 percentage points higher than at the start of the year. Should the mortgage rate hit 6%, it will be the highest rate that has been recorded since...
Mortgage Rates Pass 5% This Week After Brief Dip
The 30-year fixed mortgage jumped to 5.22% this week after ending the previous week at 4.99%. While this rate sits below June's high of 5.81%, this is still a two percentage point gain since the start of the year.
This increase is a large...
Mortgage Rates Dip Below 5% for the First Time in 4 Months
This week has finally brought some relief for the U.S. homebuyers after months of surging mortgage rates and high prices on the house markets. According to Freddie Mac, the 30-year fixed mortgage dipped to 4.99% this week. This is 0.31% lower than last week...