Mortgage rates climb to highest level yet; Climbing rates reinforce fears of market inflationASSOCIATED PRESS
The refinance index fell by 6.3%. Mortgage rates rose across the board. The average contract rate for the 30-year mortgage for homes sold for $766,550 or less was 6.73% for the week ending Oct. 25. That’s up 21 basis points from the previous week. ...
How We Track Mortgage Rates The national and state averages cited above are provided as is via the Zillow Mortgage API, assuming a loan-to-value (LTV) ratio of 80% (i.e., a down payment of at least 20%) and an applicant credit score in the 680–739 range. The resulting rates ...
Mortgage rates highest in 2 years; Rates on 30-year, fixed-rate mortgages now average 6.37 percentASSOCIATED PRESS
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Mortgage rates rose from 6.94% last week to 7.16% this week, the Mortgage Bankers AssociationsaidWednesday. The average rate on a 15-year fixed-rate mortgage grew to 6.39%, from 6.09% last week. The spike in mortgage rates is cooling the housing market by spooking buyers with higher borr...
The week-over-week jump is noteworthy given the sluggish state of the U.S. housing market. Mortgage rates are elevated, and homeowners have little reason to swap their existing lower-rate mortgages for a higher rate. The 30-year mortgage aver...
U.S. mortgage rates climbed to their highest level in 14 years this week as the housing market prepares for the Federal Reserve to implement further interest rate hikes to combat sky-high inflation. Freddie Mac said Thursday that its latest Primary Mortgage Market Survey shows the average rate...
How We Track Mortgage Rates The national and state averages cited above are provided as is via the Zillow Mortgage API, assuming aloan-to-value (LTV) ratioof 80% (i.e., a down payment of at least 20%) and an applicant credit score in the 680–739 range. The resulting rates ...
Rates have been above 6.5% since the end of May and climbing higher since mid-July. The last time rates were over 7% was in November of last year when they hit 7.08%. This week's average rate is the highest the 30-year, fixed-rate mortgage has been since April 2002 when it was 7....