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Here’s why mortgage rates are rising
Here’s why mortgage rates are rising after the Fed’s rate cut
US mortgage rates rose again this week, the fourth-straight weekly increase. That rise in borrowing costs has undone some of the relief Americans felt this summer when mortgage rates fell in anticipation of a rate cut from the Federal Reserve as inflation improved.
Why mortgage rates are back up to nearly 7%
The average 30-year mortgage rate has surged over the course of October, returning to highs last seen in the summer.
Mortgage Rates Keep Rising, Notching a 3-Month High
After hovering for two weeks, 30-year mortgage rates have now climbed higher for a week—reaching their highest level since July. Most other loan averages also rose Wednesday.
Mortgage Rates Rise Above 6.5%
Mortgage rates rose to the highest level since early August last week. The average rate on the standard 30-year fixed mortgage reached 6.54%, according to a survey of lenders by Freddie Mac. Mortgage rates fell toward 6% in the build up to the Federal Reserve's interest-rate cut in September,
Mortgage rates went up again this week
Mortgage rates are headed higher again and some experts think it’s not impossible that the key 30-year rate will approach 7% again, after falling to a low
Mortgage Rates Increase Once Again
MCLEAN, Va., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS ® ), showing the 30-year fixed-rate mortgage (FRM) averaged 6.54 percent.
US 30-year fixed-rate mortgage rises to 6.54%
U.S. mortgage rates increased for a fourth straight week this week, suggesting the housing market could remain on the back foot for some time even as the Federal Reserve cuts interest rates. The average rate on the popular 30-year fixed-rate mortgage rose to 6.
Average mortgage rate rises again to highest level in nearly 3 months
The continued strength in the economy drove mortgage rates higher once again this week,” said Sam Khater, Freddie Mac’s chief economist. “Over the last few years, there h
15h
on MSN
Mortgage rates rise for the fourth week in a row. But in these states, it’s still cheaper to buy than to rent.
The continued strength in the economy drove mortgage rates higher once again this week,” Sam Khater, chief economist at ...
23h
Mortgage Rates Today, Oct. 24: Median Rate Remains 6.88%
As of Oct. 24, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year ...
1d
30-Year Mortgage Rates Climb Again, Hitting 12-Week High
Rates on 30-year loans had wavered for two weeks, but have now pushed higher for four days, reaching their highest level ...
22h
on MSN
Map Shows States Where Mortgage Rates are Increasing the Most
A new map shows which U.S. states have seen the sharpest increase in mortgage rates this year, driven by a combination of ...
37m
Mortgage rates continue to climb
The average rate on a 30-year mortgage in the U.S. rose again this week, reaching its highest level in nearly three months.
1d
US home sales slowed in September to weakest annual pace in 14 years despite easing mortgage rates, more homes for sale
US home sales slowed in September to weakest annual pace in 14 years despite easing mortgage rates, more homes for sale ...
16h
on MSN
How does the 10-year Treasury yield affect mortgage rates? Experts explain
When it comes to mortgage rates, the 10-year Treasury yield can have a big impact. /iStockphoto . Mortgage interest rates ...
1d
on MSN
Surge in mortgage rates equivalent of a 6% increase in home payment prices, says Zelman's Ratner
Alan Ratner, Zelman & Associates managing director, joins CNBC's 'The Exchange' to discuss outlooks on the housing market, ...
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