When a fixed-rate mortgages deal ends, you’re moved onto the lender’s standard variable rate (SVR) unless you choose to remortgage. Standard variable rate mortgage SVR rates are set at the lender’s discretion, so they're able to change them at any time. Once your initial deal has ...
Mortgage rates have jumped this year partly because the Federal Reserveraised its benchmark rate several timesin an attempt to cool inflation. A group of housing associations this month urged Fed Reserve officials to hold off on additional rate hikes and to take other actions that would help low...
Mortgage rates rose again for the sixth straight week, with the average 30-year fixed-rate note topping 7% for the first time since May as the housing market continues to struggle.
Mortgage Rates Down First Time in Four WeeksOKLAHOMA CITY (JR) -- Mortgage rate averages in Oklahoma City declined for the first time in four weeks according to surveys conducted by the Oklahoma City Mortgage Bankers Association.U.S. NewspapersTHE JOURNAL RECORD...
mortgage rates climbed over 6% this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 6.02% from 5.89% last week. The long-...
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mortgage rate topped 7% for the first time in more than two decades this week, a result of the Federal Reserve's aggressive rate hikes intended to tame inflation not seen in some 40 years. Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate jumped ...
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The rate for a 15-year fixed note also rose, averaging 5.21% after coming in at 5.16% last week. That is also more than double the average rate at this time last year when 15-year products were at 2.12%. REDFIN PREDICTS SHARPEST TURN IN HOUSING MARKET SINCE 2008 CRASH "Mortgage rates...
Mortgage rates have been essentially flat to start this week, according to a separate survey from Mortgage News Daily, as the market awaits the Federal Reserve meeting Wednesday. A rate cut is expected, but some analysts say it may be the last one for awhile. ...