Mortgage rates were supposed to come down. Instead, they’re rising. Here’s why
You might expect that mortgage rates would be falling right now after the Federal Reserve cut interest rates by a half-point last month. Instead, mortgage
Mortgage Rates Rise to 6.44%, Yet 'Buyers May Be Feeling Ready To Act'
Most outstanding mortgages have a 6% or lower rate, which creates a " lock-in effect " for many current owners who don't want to swap a low rate for a higher one. This could limit homeowners’ willingness to sell, slowing or stalling the housing market.
Mortgage Rates Tick Higher Across Most Loan Types
Rates on 30-year new purchase mortgages ticked up Thursday, increasing the average to 6.55%. The previous day's average marked the only sub-6.50% rate in the past two weeks. Most other new purchase mortgage rates also rose Thursday.
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.
For mortgage rates this week, it's the calm before the storm
TRREB: Housing market might not rebound for another year Jason Mercer, chief market analyst at Toronto Regional Real Estate Board, talks with Financial Post’s Larysa Harapyn about how the housing market might not rebound for another year.
30-Year Mortgage Rates Continue Wavering in Mid-6% Range
Rates on 30-year new purchase loans have been bobbing around the 6.5% mark for two weeks, and ended last week essentially ...
Today’s 30-year mortgage interest rates hold at 6.63%, while 15-year mortgage rates fall to 5.75%
The median interest rate on a 30-year fixed-rate mortgage is 6.63% as of October 21, which is unchanged from Friday.
Why mortgage rates are going up despite the Fed's interest rate cut
Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the ...
‘A disappointment to home buyers’: Mortgage rates surge to a two-month high
Mortgage rates rose for the third week in a row as the U.S. economy continued to show signs of strength. The 30-year mortgage ...
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Here's why mortgage rates are going up
What’s wrong with this picture,” prospective homebuyers may be asking. The Federal Reserve cut interest rates by .50% but ...
Mortgage Rates Today, Oct. 21: Median Rate Remains 6.63%
As of Oct. 21, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year ...
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 ...
US mortgage rates continue upward trajectory for 3rd consecutive week
Mortgage rates in US have continued their upward trajectory this week, posing additional challenges for demand in the <a ...