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The History Of The Mortgage Rate
Housing Wire
Mortgage rate lock volume plummeted 20% in September as rates soared
Mortgage-rate-lock volume fell 20% in September, led by a combination of seasonal decline in purchase activity and rising interest rates, according to Optimal Blue’s Originations Market Monitor report. September’s rate-lock decline continues a four-month trend […]
Housing Bubble
The average long-term mortgage rate is at its lowest level in six weeks
The average long-term U.S. mortgage rate inched down this week to its lowest level in six weeks, just as the spring buying season gets underway. Mortgage buyer Freddie Mac reported Thursday that the average on the […]
Loan Markets
Pain! US Mortgage Rate Rises To 6.28%, Highest Since November 2008 As Raging Inflation Results In Fed Tightening
Raging US inflation is resulting in Federal Reserve monetary tightening, causing the 30-year US mortgage rate to hit it highest level since November 2008 (the beginning of Fed Quantitative Easing). Bankrate’s 30-year mortgage rate just […]