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Mortgage demand drops again as rates cross back over 7%
May 24, 2023
Mark Paul Cervantes
Mortage News, Top News
Comments Off on Mortgage demand drops again as rates cross back over 7%
The average rate on the popular 30-year fixed mortgage crossed over 7% on Tuesday, according to Mortgage News Daily. That is the highest level since early March. Rates have been rising on a combination of […]
Latest mortgage news: Rates top 7% as Fed resumes inflation fight
August 3, 2023
Mark Paul Cervantes
Inflation, Mortage News, Top News
Comments Off on Latest mortgage news: Rates top 7% as Fed resumes inflation fight
Mortgage rates rose this week, according to Bankrate’s national survey. 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, […]
For mortgage rates to get better, we need more housing completions
January 20, 2023
Allen Santos
Housing Wire
Comments Off on For mortgage rates to get better, we need more housing completions
The Census Bureau‘s housing starts report for December shows that housing completions are still too slow, and we are running out of time this year as housing permits are set to fall until the homebuilders […]