Mortgage rates rise toward 7% after declining for prior 2 weeks
Redfin CEO Glenn Kelman discusses some “promising” housing market trends on “Cavuto: Coast to Coast.” Mortgage rates are rising again, spiking this week to near 7%, as economists warn that interest rates are likely to remain high for longer than previously expected. The average interest rate on the benchmark 30-year fixed mortgage rose to 6.87% […]
Mortgage rates to stay above 6% through 2025, Fannie Mae says
Zillow economists warn that 7% mortgage rates could become the new normal, Kevin Mahn, president and CIO of Hennion & Walsh Asset Management, said on The Big Money Show I reacted to that. Fannie Mae raised its outlook for mortgage rates just a month ago, saying rates will remain high for longer than previously thought […]
Mortgage rates continue to drop as spring brings more inventory: Freddie Mac
Mortgage rates fell to an average of 6.74% for 30-year mortgages. (iStock) 15-year and 30-year mortgage rates fell from last week, Freddie Mac reported. “30-year fixed-rate mortgages are down again this week, bringing the total down by almost a quarter of a percentage point after two weeks,” said Sam Cater, chief economist at Freddie Mac. […]
Mortgage rates decline for second week, but no major drops expected soon
Payne Capital Management President Ryan Payne weighed in on the U.S. economy, arguing that Americans’ purchasing power will continue to “strengthen.” Mortgage rates fell for the second week in a row, but economists don’t expect them to fall significantly in the near future. Freddie Mac’s latest primary mortgage market study, released Thursday, found that the […]
Mortgage demand roars back to life as interest rates dip below 7%
Payne Capital Management President Ryan Payne weighed in on the U.S. economy, arguing that Americans’ purchasing power will continue to “strengthen.” Important measures home purchase Applications surged last week as mortgage interest rates fell below 7% for the first time in more than a month. Mortgage Bankers Association (MBA) Index Applying for a mortgage loan […]
Mortgage rates ease slightly as spring homebuying season nears: Freddie Mac
Buyers expecting lower mortgage rates will have to wait longer. (iStock) Mortgage rates fell slightly this week, enough to rekindle homebuying momentum as the market prepares for this year’s traditionally busy season, Freddie Mac said. The average interest rate on a 30-year fixed-rate mortgage for the week ending March 7 was 6.88%, according to Freddie […]
Mortgage rates dip slightly, boosting demand
Payne Capital Management President Ryan Payne weighed in on the U.S. economy, arguing that Americans’ purchasing power will continue to “strengthen.” Mortgage rates fell slightly this week after rising for a month in a row, sparking an increase in purchase applications in a housing market that has been largely stagnant for months due to soaring […]
Homebuyers gained thousands of dollars as mortgage interest rates fall: Redfin
Thanks to lower interest rates, prospective buyers have more purchasing power than last year. (iStock) People looking to buy a home are finding their money going a little further these days. A homebuyer with a monthly budget of $3,000 has $40,000 more purchasing power than he did a few months ago. Redfin report found. A […]
Mortgage rates continue their upward climb, prospective buying activity down
Mortgage rates approached 7% this week. (iStock) Mortgage rates continued to rise this week, reaching 6.94% for a 30-year fixed rate mortgage. According to Freddie Mac. This is up from last week’s average of 6.90%. The average interest rate on 15-year mortgages was 6.26%, down from 6.29% the previous week. This time last year, both […]
Mortgage rates are rising again. See how much money they’re costing you
Real estate agent Mauricio Umansky told “The Claman Countdown” that high mortgage rates, high prices and a lack of supply are creating difficulties for homebuyers. Mortgage rates rose to their highest level in two months ahead of the crucial spring home buying season, dampening demand from prospective buyers. Mortgage buyer Freddie Mac announced Thursday that […]