Tag: Mortgage Rates increase

Real estate experts have warned that the U.S. housing market appears unlikely to become significantly more affordable in the near term. This comes as both mortgage rates and home prices remain high. Bankrate mortgage analyst Jeff Ostrowski claimed that while mortgage rates and home prices...

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...

The trend of increased mortgage rates has spilled over to March. According to Freddie Mac’s report, the mortgage rate increased to 6.73% in the first full week of March, compared to 6.65% the week prior. The mortgage rate on a 30-year fixed mortgage has been...

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...