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Aug 26, 2023 · Mortgage rates are running at a 22-year high, crimping a housing market already squeezed by high prices. Home buyers face an average rate of 7.23 percent on a 30-year fixed-rate mortgage, the...
Mar 9, 2021 · Mortgage rates have been on an upward trend in 2021. January started off with a record-low 30-year mortgage rate of 2.65%. But by March 4, rates spiked above 3% for the first time in 7...
Apr 4, 2022 · Inflation causes mortgage rates to rise in two ways. First, lenders charge more for money so their profits aren't erased by higher prices. Second, the Federal Reserve tames inflation by raising...
1 day ago · Currently, the average 30-year, fixed-rate mortgage is 7.22% as of May 2, according to Freddie Mac. While rates remain elevated, the Fed signaled that it will begin to cut rates in 2024,...
Dec 7, 2023 · "US mortgage rates are forecast to stay above 7% in 2024," Goldman Sachs (November 2023) "Mortgage rates forecast: Expected trends for 2024," USA Today (December 2023) "Mortgage Rates Drop for the Fifth Consecutive Week," FreddieMac (November 2023) "Housing Inventory: Active Listing Count in the United States," FRED (November 2023)
Jul 19, 2023 · As of July 19, 2023, average mortgage rates are 6.87% for 15-year mortgages and 7.07% for 30-year mortgages, according to Bankrate. That's the highest they've been this year. How did we get...
May 4, 2022 · Mortgage rates are likely to keep climbing, because the Fed has raised the federal funds rate just twice in this cycle and the markets expect several more increases. Lawrence Yun, chief...
