Interest Rates

Mortgage Rates Inch Up Following Fed Policy Changes

December 17th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.12% for the week ending Dec. 16, according to Freddie Mac’s latest Primary Mortgage Market Survey®. Mortgage rate details: The 30-year fixed-rate mortgage averaged 3.12% with an average 0.6 point, up from last week when...

Mortgage Applications Decrease Again This Week

March 23rd, 2022
Mortgage applications are still on a downward trend this week, according to the latest data from the Mortgage Bankers Association (MBA), released Wednesday. MBA’s Weekly Mortgage Applications Survey showed a decrease of 8.1% from the week earlier. On an unadjusted...

Inflation Is Back in a Big Way: What That Means for Borrowers and Mortgages

December 20th, 2021
(TNS)—Inflation hit 6.8% in November, its loftiest level since the long-ago era of Reaganomics and America’s war on inflation. If prices continue to soar, mortgage rates will head higher, too. But there’s a silver lining to this cloud for borrowers...

Holding Out Against Inflation in Your Business

March 27th, 2022
It is here, and it is historic. Inflation has reached dizzying heights over the last few months, as across the country the cost of nearly everything has spiked amid an uncertain and complex pandemic recovery. It is especially important for...

Mortgage Rates Bumped Down Leading Up to the Holidays

December 27th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.05% for the week ending Dec. 23, according to the latest data from Freddie Mac. Mortgage details: The 30-year fixed-rate mortgage averaged 3.05% with an average 0.7 point f, down from last week when it...

As Expected, Fed Hits Brakes with 50-point Hike

May 4th, 2022
With little surprise, the Federal Reserve announced a larger rate hike Wednesday following their two-day meeting this week, accelerating the central bank’s efforts to curb rampant inflation and pull back from pandemic relief efforts. The 50-basis point increase is the...

Mortgage Rates Reach Peak High Since April

October 18th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.05%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. This marks a peak in rates not seen since April. Mortgage details: – 30-year fixed-rate mortgage averaged 3.05% with an average...

Mortgage Rates Moving Sideways Into 2022

December 30th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.11% for the week ending Dec. 30, 2021, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. Mortgage details: – The 30-year fixed-rate mortgage averaged 3.11% with an average 0.7 point,...

Rising Rates Could Cost Homebuyers $100,000+ Over Life of Loans

May 9th, 2022
New data collected from LendingTree users puts a dollar amount on how rising rates can affect the cost of a mortgage. Specifically, the firm calculated the difference between average monthly mortgage payments on 30-year, fixed-rate loans in each state based...

Mortgage Rates Still on the Rise, Forecast to Reach 3.4% by December

October 21st, 2021
It’s been another week of increasing mortgage rates, with the average 30-year fixed-rate mortgage (FRM) coming in at 3.09%, according to the latest data from Freddie Mac.  Mortgage details: 30-year fixed-rate mortgage averaged 3.09% with an average 0.7 point for...
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