Proportion of mortgages with rates exceeding 6 percent hits a decade high

Proportion of mortgages with rates exceeding 6 percent hits a decade high

Mortgage Rates Shift as 6% Becomes the New Standard The days of 3% mortgages are fading, and it’s clear that 6% loans are increasingly common these days. Currently, around one in five homeowners in the U.S. with mortgages are facing rates of at least 6%. According to a new analysis by Redfin, this figure has […]