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Mortgage rate hits highest level in months
Mortgage rate hits the highest level in months
Generally, higher rates reflect the strength in the economy, which helps support the housing market. But as mortgage rates rise, they can also add hundreds of dollars a month in costs for borrowers, reducing home shoppers’ purchasing power as they navigate a housing market with prices near all-time highs.
The average rate on a 30-year mortgage rose to 6.44% this week, Freddie Mac says, the highest level in 8 weeks
The average rate on a 30-year mortgage rose to 6.44% this week, Freddie Mac says, the highest level in 8 weeks
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.
Alert: The average rate on a 30-year mortgage rose to 6.44% this week, Freddie Mac says, the highest level in 8 weeks
MCLEAN, Va. (AP) — The average rate on a 30-year mortgage rose to 6.44% this week, Freddie Mac says, the highest level in 8 weeks.
Average Rate on a 30-Year Mortgage in the US Rises to the Highest Level in 8 Weeks
The average rate on a 30-year mortgage in the U.S. moved higher for the third week in a row and reached the highest level since late August
Average mortgage rises to the highest level in 8 weeks
Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy decisions. That can move the trajectory of t
5d
Coronavirus mortgage relief is available — here’s what to do if you can’t pay on time
The federal CARES Act includes a key provision to offer financial relief to homeowners who have federally-backed mortgage ...
10d
Types of Home Loans: Finding the Best Mortgage for You
The most common home loan is a conventional mortgage, meaning it’s not insured by the federal government. Conforming ...
5d
Freddie Mac Sells $13.9 Million in Non-Performing Loans
Freddie Mac (OTCQB: FMCC) today announced it sold via auction 57 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio to Residential ...
Newsweek
11d
More Homes for Sale in Priciest Markets as Rates Trend Lower
This is lower than a year ago when the average rate hit a 23-year high of 7.79 percent, according to
Freddie
Mac
, a ...
Boston.com
8d
Home listings climb in nation’s priciest markets as locked-up inventory starts to shift
A year ago, the average rate hit a 23-year high of 7.79%, according to mortgage buyer
Freddie
Mac
. Five years ago, it ...
6d
on MSN
How Much House Can I Afford? A Complete Guide
Learn how to determine how much house you can afford based on your income, debt, and savings so you can set a homebuying ...
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