Archives For: mortgage rates
Mortgage Rates Drop for Fifth Week in a Row
Mortgage rates fell once again this week, dipping for the fifth straight week in a row. According to Freddie Mac, the average 30-year fixed rate is currently at 6.31%.
15 Dec 2022
Mortgage Rates Retreat Below 7%
Mortgage rates dipped significantly this week, retreating below 7% for the 30-year fixed term, including FHA, VA and jumbo loans.
21 Nov 2022
Mortgage Application Volume Hits 25-Year Low
Mortgage application activity again fell during the week ending October 14 as mortgage rates hit their highest level in 20 years.
19 Oct 2022
Mortgage Rates Hit 20-Year High
The 30-year fixed-rate mortgage averaged 6.92% last week as rates climbed to the highest they have been since April 2002.
13 Oct 2022
Housing Affordability Hits 15-Year Low as Prices, Mortgage Rates Rise
Ballooning mortgage costs, driven by high prices and mortgage rates, have made mortgages less affordable than at any time since at least 2007.
21 Jun 2022
Home Affordability is Nearly the Worst on Record as Mortgage Rates Spike
Mortgage rates just hit their highest level since 2009, and home prices are continuing to experience double-digit gains. Now, nearly all of the major housing markets in the United States are less affordable than they have been historically, and affordability is near its worst point on record.
2 May 2022
Current Mortgage Rates Hit 5% for the First Time in a Decade
The average interest rate on a 30-year fixed-rate mortgage has climbed to 5% for the first time in more than 10 years, according to Freddie Mac.
14 Apr 2022
Mortgage Rates Approach 5% as Fed Tightens and Inflation Rattles Bond Markets
U.S. mortgage rates approached 5% on Friday, the highest daily average in more than four years, as war-worsened inflation fears spooked financial markets and the Federal Reserve ended a two-year emergency program that boosted demand for bonds containing home loans.
29 Mar 2022
Mortgage Rates Resume their Ascent
After two weeks of declines, mortgage rates resumed their upward march this week.
10 Mar 2022
Fed Tapering Starts Now, Markets Unfazed
The Federal Reserve this month will begin tapering the support it’s provided to mortgage rates during the pandemic, reducing its $120 billion in monthly purchases of mortgages and government debt over eight months.
3 Nov 2021