“Homebuyers have adjusted and driven new home sales to its highest level in more than a year,” said Freddie Mac’s Sam Khater.
The post Mortgage Rates Are Up Again appeared first on Weekly Real Estate News.
Mortgage Rates Are Up Again
Mortage News
Mortgage Rates in US Resume Climb After Falling for Two Weeks
The average for a 30-year, fixed loan was 6.39%, up from 6.35% last week, Freddie Mac said in a statement Thursday. While buyer demand remains strong in certain US cities, high borrowing costs and a […]
Economy
Mortgage Rates Hit 20-Year High As Rising Inflation Fuels Economic Woes
Mortgage rates surged close to 7% this week, breaking another record-high not seen in two decades as inflation pressures mount and home shoppers retreat even further from the housing market. The average 30-year, fixed-rate mortgage jumped to […]
Financial Markets
It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan
Source: CNBC — It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed […]