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30-year mortgage rate surges to highest mark since Jul.
Surging mortgage rates could stall housing market momentum
The housing market was beginning to thaw as mortgage rates fell in September to a two-year low. But in the past few weeks, borrowing costs have emerged, by one measure even crossing 7% and raising questions about whether a fledgling recovery in home sales contracts will persist.
30-year mortgage rate surges to highest mark since July
The interest rate for the most popular U.S. home loan jumped last week to 6.73%, its highest since July, adding to headwinds for the housing market even as the Federal Reserve looks set to further lower its target for short-term borrowing costs.
Why mortgage rates are back up to nearly 7%
The average 30-year mortgage rate has surged over the course of October, returning to highs last seen in the summer.
30-Year Refinance Rates See Five-Day Surge to Early August Levels
A fifth daily increase has taken 30-year mortgage refi rates to their most expensive level in more than 10 weeks—rising from the 19-month low they sank to in September.
Mortgage demand stalls as interest rates surge higher ahead of election
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.73% from 6.52%, with points increasing to 0.69 from 0.64 (including the origination fee) for loans with a 20% down payment. That is the highest level since July of this year.
US 30-year mortgage rate surges to 6.73%, highest since July
The interest rate for the most popular U.S. home loan jumped last week to 6.73%, its highest since July, adding to headwinds for the housing market even as the Federal Reserve looks set to further lower its target for short-term borrowing costs.
Mortgage Rates Today, Oct. 30: Median Rate Remains 6.88%
As of Oct. 30, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year fixed-rate mortgage is 6.88%, which is unchanged from yesterday. Additionally,
Mortgage rates rise to highest level since July due to these 3 reasons
The 30-year rate rose for the fourth week in a row to the highest level since July, according to the Mortgage Bankers Association. Back To Top
30-Year Mortgage Refinance Rates Reach Early August Levels
With another slight increase, 30-year refi rates are at their highest level since early August. Rates for most other refi loan types also moved higher Tuesday.
Mortgage rates go up again this week – what’s the forecast for November?
Mortgage rates increased for a fourth consecutive week, creating uncertainty about what could happen heading into November. Citing Freddie Mac, the Mortgage Reports noted that the average 30-year fixed rate mortgage (FRM) increased from 6.
3d
on MSN
How far will mortgage interest rates fall in November?
"Mortgage rates are not expected to fall below 6% in November," says J.R. George, senior vice president of Trustco Bank. And ...
4d
on MSN
7% mortgage rates are a warning about who will win the election, economist says
Mark Zandi of Moody’s Analytics says rising mortgage rates offer clues about how investors are considering the postelection ...
HousingWire
4d
That refi mini boom appears all but dead as mortgage rates surge
A 60 basis point increase in mortgage rates in October has strangled mortgage demand, particularly for refinancings.
4d
on MSN
Home Equity Lending Surges To Highest Level In Over 15 Years
Even as record-high home prices keep many would-be buyers on the sidelines, homeowners are benefiting from abundant home equity. This lets them tap into their home’s value for cash. Yet, with mortgage ...
10d
Demand Destruction For Existing Homes: Sales In 2024 To Plunge Below 4 Million, Lowest Since 1995, As Supply Spikes
Demand for existing homes is wilting further, despite surging inventories and spiking supply and much lower mortgage rates.
13d
Single-Family Home Construction Surges in the Northeast
Nationally, single-family housing starts hit a seasonally adjusted annual rate of 1,027,000 last month, up 2.7% from August’s ...
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