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U.S. Mortgage Rates Continue to Rise, Again
Based on Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.44 percent as of October 17, 2024.
Mortgage Rates Rise to Highest Level Since July
Rates on 30-year loans have been bobbing around for two weeks, but have now pushed to an almost three-month high. Most other loan types also climbed Monday.
Mortgage Rates Rise to 6.44%, Yet 'Buyers May Be Feeling Ready To Act'
Most outstanding mortgages have a 6% or lower rate, which creates a " lock-in effect " for many current owners who don't want to swap a low rate for a higher one. This could limit homeowners’ willingness to sell, slowing or stalling the housing market.
Why mortgage rates are going up despite the Fed's interest rate cut
Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the first time in four years.
‘A disappointment to home buyers’: Mortgage rates surge to a two-month high
Mortgage rates rose for the third week in a row as the U.S. economy continued to show signs of strength. The 30-year mortgage rate jumped to the highest level since mid-August, averaging 6.44% as of Oct.
Mortgage rates jump, slamming homebuyers despite Fed’s outsize interest rate cuts
The average 30-year fixed mortgage rate has increased for the third week in a row to 6.5%, according to Freddie Mac. That rate is a quarter-point higher than it was two weeks ago.
Mortgage Rates Rise to Highest Since August
Mortgage rates rose to the highest level in nearly two months. The average rate on a standard 30-year fixed mortgage rose to 6.44%, according to a survey of lenders released Thursday by the mortgage-finance company Freddie Mac.
Why the Fed Cut Rates and Mortgage Rates Jumped
On September 18, the Federal Reserve kicked off the cutting cycle by reducing overnight rates by 50 basis points. Since then, mortgage rates have gone higher. This is not obviously an intuitive thing to happen.
Why are mortgage rates rising after Fed cut interest rates last month?
The Fed announced first rate cut in a long time last month, but the mortgage rates have continued to rise. Why is this? Here's why.
CUInsight
1d
Mortgage rates were supposed to come down. Instead, they’re rising. Here’s why
You might expect that mortgage rates would be falling right now after the Federal Reserve cut interest rates by a half-point ...
1d
30-Year Mortgage Rates Continue Wavering in Mid-6% Range
Rates on 30-year new purchase loans have been bobbing around the 6.5% mark for two weeks, and ended last week essentially ...
Banker & Tradesman
3d
Mortgage Rates Hit Highest Level in Eight Weeks. What Gives?
The average rate on a 30-year mortgage in the U.S. rose for the third week in a row, reaching its highest level in eight ...
ConsumerAffairs
4d
Here's why mortgage rates are going up
What’s wrong with this picture,” prospective homebuyers may be asking. The Federal Reserve cut interest rates by .50% but ...
5d
on MSN
Mortgage rates march higher for third straight week
Mortgage rates climbed again for a third straight week, further dinging demand as the housing market continues to suffer from ...
4d
Mortgage Rates Tick Higher Across Most Loan Types
Rates on 30-year new purchase mortgages ticked up Thursday, increasing the average to 6.55%. The previous day's average ...
2d
US mortgage rates continue upward trajectory for 3rd consecutive week
Mortgage rates in US have continued their upward trajectory this week, posing additional challenges for demand in the <a ...
9h
on MSN
Today's Mortgage Rates, October 22, 2024 | Why the Strong Labor Market is Keeping Rates High
Mortgage rates for October 22, 2024, are around 6.35%, according to Zillow data. Mortgage rates have increased thanks to ...
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