Tag: Mortgage Rates increase

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...

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...

Homebuyers finally managed to catch a break after weeks of increasing mortgage rates and hikes in home prices. According to Freddie Mac, the 30-year fixed mortgage has dropped for the second straight week and is now at 5.30%. The mortgage rate previously peaked at...

The U.S. home market continues to put new challenges in front of homebuyers. The mortgage rates have made another jump and now find themselves at 5.81 percent on the 30-year fixed mortgage, according to a report shared by Freddie Mac. The figure represents a 0.03...