Mortgage rates fall sharply after negative GDP report and Fed’s latest hike

by Third Party | Jul 30, 2022 | 0 comments

Source: CNBC —

Just one day after the Federal Reserve raised its benchmark rate, mortgage rates took a sharp turn lower.

The average rate on the popular 30-year fixed mortgage fell to 5.22% on Thursday from 5.54% on Wednesday, when the Fed announced its latest rate hike, according to Mortgage News Daily. The rate fell even further Friday to 5.13%.

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« Older Entries

Mortgage rates fall sharply after negative GDP report and Fed’s latest hike

Source: CNBC —

0 Comments

Submit a Comment Cancel reply

More Closed Sales, Fewer Pending Sales Across Mid-Atlantic Region

The Commission Fight Isn’t the Biggest Problem Facing Real Estate Agents Anymore

California Realtors-Backed Group Sues 3 Cities for Limiting Housing Near Transit

Report: Prince Harry and Meghan Not Planning to Sell California Mansion

Home Purchase Cancellations at Highest Level in Nearly 3 Years

Pennsylvania Home Sales Slowed in July

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