Fixed mortgage rates move lower for the second week in a row

Fixed mortgage rates move lower for the second week in a row

This post was originally published on this siteThe 30-year fixed-rate average dropped to its lowest level in five weeks, falling to 5.1 percent.

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Rising rates will cool the housing market. But a crash is unlikely.

Rising rates will cool the housing market. But a crash is unlikely.

This post was originally published on this siteHome sale prices are up 40 percent since the start of the pandemic. But with mortgage rates increasing, the days of such rapid price growth are almost certainly over.

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Mortgage rates soar to their highest levels in 11 years

Mortgage rates soar to their highest levels in 11 years

This post was originally published on this siteThe 30-year fixed-rate average hasn’t been this high since February 2011.

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Mortgage rates keep climbing, show no sign of slowing down

Mortgage rates keep climbing, show no sign of slowing down

This post was originally published on this siteThe 30-year fixed-rate average rose for the fifth week in a row to 4.72 percent. Its 1.5 percentage point increase over the past three months is the fastest three-month rise since May 1994.

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Mortgage rates race higher, hitting highs not seen since Dec. 2018

Mortgage rates race higher, hitting highs not seen since Dec. 2018

This post was originally published on this siteThe 30-year fixed average has risen more than a percentage point and a half in three months.

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Mortgage Rates Top 4% for the First Time Since 2019

Mortgage Rates Top 4% for the First Time Since 2019

This post was originally published on this siteRising borrowing costs pose another challenge for would-be homeowners already facing soaring home prices.

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Higher Mortgage Rates Worsen Housing Market Dysfunction

Higher Mortgage Rates Worsen Housing Market Dysfunction

This post was originally published on this siteJust when homebuyers hoped to catch a break from a construction boom that promised to increase supply, along come surging mortgage rates.

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Spring is in the … housing market? Home prices are surging early this year. Here’s why.

Spring is in the … housing market? Home prices are surging early this year. Here’s why.

This post was originally published on this siteThe early reversal is being attributed to historically low levels of inventory and homebuyers trying to lock in mortgage rates before they go up.     

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