The Bank of England raised interest rates in March from 4% to 4.25%. The 0.25 percentage point increase marks the 11th rise since December 2021 when Bank rate stood at just 0.1%. It puts Bank […]
Mortgage rates are trending up ahead of the Federal Reserve’s meeting next week, with the FOMC expected to increase the federal funds rate. Freddie Mac’s Primary Mortgage Market Survey shows the 30-year fixed mortgage rate […]
Higher mortgage rates did not scare away potential homeowners last week. Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. “There are still so many borrowers […]
Interest rates for mortgage loans broke five straight weeks of declines caused by the bank crisis. This week, the 30-year fixed rate rebounded due to recent data indicating a still-resilient economy, the potential continuity of […]
“For the first time in over a month, mortgage rates moved up due to shifting market expectations,” said Sam Khater, Freddie Mac’s chief economist. The post Mortgage Rates on the Rise Again appeared first on […]
What is the best news for mortgage rates long-term? It’s getting more supply of apartments! The best way to fight inflation is always by adding more supply; if your goal is to destroy inflation by […]
Elevated mortgage rates are continuing to give homeowners a reason to stay at their current homes, according to the 2023 Borrower Insights Survey conducted by ICE Mortgage Technology. But while the inventory-lacking market has caused […]
Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. It was the expectation that the U.S. economy is slowing down. According to Freddie Mac’s Primary Mortgage Market Survey, […]
MORTGAGE rates in the US fell for a second straight week, easing costs for homebuyers in the market’s busiest season. The average for a 30-year, fixed loan was 6.42 per cent, down from 6.6 per […]
The post ‘Good news’ for the spring homebuying season as mortgage rates melt, but economists warn ‘finding a deal remains an elusive quest’ appeared first on Weekly Real Estate News.
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