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Pain! US Mortgage Rate Rises To 6.28%, Highest Since November 2008 As Raging Inflation Results In Fed Tightening
October 3, 2022
Mariel Alumit
Loan Markets, U.S. Market
Comments Off on 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 […]
Mortgage rate lock volume plummeted 20% in September as rates soared
October 12, 2023
Mariel Alumit
Housing Wire
Comments Off on 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 […]
30-Year Rate Rises To 6.81%, Says Freddie Mac, As July’s Mortgage Heat Wave Sizzles On
August 7, 2023
Mark Paul Cervantes
Mortage News, Top News
Comments Off on 30-Year Rate Rises To 6.81%, Says Freddie Mac, As July’s Mortgage Heat Wave Sizzles On
Mortgage rates have climbed closer to 7% again this week, as July’s sustained high rates week after week have made it 2023’s roughest month for home buyers. The average 30-year fixed-rate mortgage rose to 6.81% for the […]