Mortgage rates drop to the lowest level since September: Freddie Mac

With mortgage rates still in the upper-mid 6% range, borrowers who received mortgages in May 2023 paid an average of $2,331 a month, up 20% from a year prior. That’s according to the latest origination […]

On Tuesday, we got more confirmation that the Federal Reserve‘s biggest fear — inflation  blowing up to 1970s levels — isn’t happening, according to the CPI data. Even with its most significant component, shelter inflation, […]

U.S. mortgage rates rose this week, after the Federal Reserve re-engaged in its war on inflation. The average rate on 30-year mortgages climbed to 7.09 percent this week, up from 6.98 percent last week, according to Bankrate’s weekly […]