Mortgage rates jump, slamming homebuyers despite Fed’s outsize interest rate cuts
The average 30-year fixed mortgage rate has increased for the third week in a row to 6.5%, according to Freddie Mac. That rate is a quarter-point higher than it was two weeks ago.
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 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.
The Fed is cutting interest rates, so why are mortgage rates rising?
It’s been a month since the Federal Reserve shifted from fighting inflation with high interest rates to supporting the job market with the first in what is expected to be a series of rate cuts. The impact?
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For mortgage rates this week, it's the calm before the storm
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Mortgage rates increased again this week
Freddie Mac’s Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage (FRM) increased again this week,
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Mortgage Rates Tick Higher Across Most Loan Types
Because rates vary widely across lenders, it's always smart to shop around for your best mortgage rate and compare rates regularly, no matter the type of home loan you seek. Rates on 30-year new ...