Source: The Ringer — Skyrocketing mortgage rates. Rent prices falling by their fastest pace in years (from their highest inflation rate in decades). Buyers and sellers are freaked out. What the hell is going on with American real estate? Today is a very special...
Source: The Motley Fool — Mortgages have been in the news for the past few years, particularly during the initial phase of the COVID-19 pandemic when interest rates dove beneath the 3% mark. Today, they’re in the news again as interest rates rise and home...
Source: U.S. News — Mortgage rates surged above the 7% threshold for the 30-year fixed mortgage term this week, according to Freddie Mac. This is the first time that average rates have entered 7% territory since early 2002. Interest rates also rose for the...
Source: Forbes — By now you’ve probably seen that interest rates are on their way up. The Fed has been raising rates for a number of quarters now in an attempt to wind down the sky high levels of inflation. So far they’ve not had much luck on that front, but...
Source: Time — The Federal Reserve once again hiked its benchmark interest rate this week, a fourth consecutive increase of 75 basis points. What does that mean for mortgage rates, which are already above 7% for the first time in 20 years? Maybe not much....
