“Mortgage rates increased to their highest level since November 2022,” said Freddie Mac’s Sam Khater.
The post Mortgage Rates Rise to Just Under 7% appeared first on Weekly Real Estate News.
Mortgage Rates Rise to Just Under 7%
Housing Wire
High mortgage rates sideline homeowners from tapping home equity: ICE
Rising home prices have pushed the third quarter’s tappable home equity amount near its 2022 peak, but interest rates are making homeowners reluctant to extract that wealth. Mortgage holders withdrew a mere 0.41% of tappable […]
Housing Wire
Mortgage rates hold steady ahead of jobs report
Ahead of Friday’s national jobs report, mortgage rates have found stability after increasing for multiple weeks. Polly’s average 30-year fixed rate for conventional loans was 7.17% on Tuesday, down from 7.24% one week earlier, […]
Housing Wire
Mortgage rates surpass 7% for the first time since December
The 30-year fixed mortgage rate surpassed the 7% mark on Monday on the heels of strong economic data and the Federal Reserve signaling that it will move carefully with any future cuts to interest […]