mortgage rates ticked down modestly this week after six straight weeks of gains pushed rates to heights not seen in more than a decade, before a crash in the housing market triggered the Great Recession in 2008. October 6, 2022 US long-term mortgage rates up for 6th week; 30-year at 6...
Average rate on a 30-year mortgage in the US rises again to highest level in nearly 3 months “While we expect the long-run trend in mortgage rates to be downward, recent weeks have brought volatility,” said Ralph Mclaughlin, senior economist at Realtor.com. ...
Even then, rates are unlikely to come down enough to provide any real reprieve to would-be homebuyers who have seen a key tenet of the American dream slip away due to astronomically high mortgage rates. THE US HOUSING MARKET IS 'STUCK,' AND MIGHT REMAIN THAT WAY UNTIL 2026 Federal Reserve...
"While we expect the long-run trend in mortgage rates to be downward, recent weeks have brought volatility," said Ralph Mclaughlin, senior economist at Realtor.com. Generally, higher rates reflect the strength in the economy, which helps support the housing market. But as mortgage rates rise t...
That's an indication that homeowners are already taking advantage of the drop in mortgage rates to lower their monthly house payments, giving a potential boost to their spending even before the Fed has touched the dial on its policy rate. U.S. mortgage rates peaked about 11 months a...
The housing market has been in a sales slump since 2022 as elevated mortgage rates put off many would-be homebuyers. Sales of previously occupied U.S. homes fell in August even as mortgage rates began easing. The recent uptick in mortgage rates may already be...
07/12/2018 [-] Mortgage rates settle in for the summer 07/12/2018 [-] Average US mortgage rates edge up; 30-year at 4.53 percent 07/05/2018 [-] Average US 30-year mortgage rates fall to 4.52 percent 06/27/2018 [-] Big four banks face mounting pressure to lift interest rates...
It may not seem much like it, but for mortgage rates, things were sort of better this year than last. While 30-year fixed mortgage rates posted nearly identical bottoms (6.08% in 2024, 6.09% in 2023) the peaks were certainly different, as were the conditions that got them there. The ...
more money from bondholders. An expected flood of Treasuries to foot the bill has sent Treasury prices sinking and yields — which move in opposite direction to bond prices — rising in the run-up to and after Election Day. Mortgage rates are closely tied to the 10-year US Treasury yield...
But given the historic speed and magnitude of the Fed's 2022 and 2023 rate increases—raising the benchmark rate 5.25 percentage points over 16 months—even the indirect influence of the fed funds rate has resulted in a dramatic upward impact on mortgage rates over the last two years. ...