Tag: Mortgage Rates increase

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%...

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...