Freddie Mac says 30-year fixed mortgage rates rose to their highest level in more than 20 years. This has made things tougher on homebuyers because of a lack of supply and demand.
While a closely followed mortgage rate receded, rates followed a split path over the last seven days. While 15-year fixed mortgage rates grew, interest rates on 30-year fixed mortgages shrank.
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Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in ...
The weekly average rate on a 30-year mortgage has remained above 7% since mid August and is now at the highest level since ...
Lenders base mortgage interest rates on the benchmark interest rate, along with other factors such as credit score, loan-to-value (LTV) ratio, size of the loan, type of loan and loan term.
US mortgage rates jumped last week to the highest level since 2000, taking a toll on already depressed home-purchase applications.
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The combination of elevated rates and low home inventory has worsened the affordability crunch by keeping home prices near ...