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US 30-year mortgage rate jumps to 6.36%, biggest weekly gain in 15 months
The interest rate for the most popular U.S. home loan rose to 6.36% last week, marking the biggest weekly increase in more than a year after better-than-expected economic data caused financial markets to scale back bets on further Federal Reserve interest-rate cuts.
Average two and five-year mortgage rates rise for the first time in three months
Average mortgage rates for the two most popular lengths of home loan have both risen for the first time in three months. The average two-year deal has moved from 5.36 to 5.37 per cent since last Friday, while average five-year deal rates went from 5.05 to 5.06 per cent, according to figures from analytics firm Moneyfacts.
Mortgage rates surged for the second-straight week after hitting two-year lows
Prospective homebuyers waiting on the sidelines for a further drop in mortgage rates received unwelcome news on Thursday.
Mortgage rate hits the highest level in months
The average rate on a 30-year mortgage in the United States rose for the third week in a row, reaching its highest level in eight weeks. The rate rose to 6.44 percent from 6.32 percent last week, mortgage buyer Freddie Mac said Thursday.
Mortgage Rates Continue to Increase
The 30-year fixed-rate mortgage increased for the third consecutive week, moving closer to 6.5%,” said Sam Khater, Freddie Mac’s Chief Economist. “In general, higher rates reflect the strength in the economy that is supportive of the housing market.
Mortgage rates march higher for third straight week
Mortgage rates climbed again for a third straight week, further dinging demand as the housing market continues to suffer from an affordability crisis.
Mortgage Rates Rise to Highest Since August
Mortgage rates rose to the highest level in nearly two months. The average rate on a standard 30-year fixed mortgage rose to 6.44%, according to a survey of lenders released Thursday by the mortgage-finance company Freddie Mac.
1d
on MSN
Bank of America Mortgage Review: Low Rates, Down Payment Grants, and More
Get an honest look at Bank of America mortgages, their rates, customer service, and whether this banking giant is a good fit ...
7d
Average U.S. 30-Year Mortgage Rate Surges to 6.32 Percent
Despite better news of lower inflation and more jobs, rising rates are exacerbating unaffordability in the housing market.
7d
Mortgage hunters are banking on a big drop in rates, but be warned — they could yo-yo
For folks who don’t have enough spare cash to build a mortgage helper that generates rental income, it may be a viable option ...
1d
on MSN
Bank bosses aren't worried about lower interest rates — and even see some upside
Bank executives said that lower rates appear to be boosting demand for mortgages, refinancing, and loans in general, as well ...
4d
Santander and TSB increase mortgage rates: Will more lenders follow?
Mortgage rates could be edging higher again, as Santander and TSB will be increasing the interest on some of their fixed ...
20h
Expert predicts massive interest rate cut from Bank of Canada next week
The Bank of Canada (BoC) will announce its next policy interest rate on Wednesday, October 23. Here's what experts are saying ...
2d
Bank of Canada to Chop Rates a Full Point by Year End, Marion Says
The Bank of Canada will likely cut interest rates by a full percentage point by the end of this year, a top economist said.
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