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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...

Mortgage Rates Drop for Second Consecutive Week

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...

Mortgage Rates Make Another Jump, Approach 6% Mark

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...