An increase in mortgage rates has ended a 10-week streak of sub-3% rates, Freddie Mac reported Thursday.
For the first time since April, the benchmark 30-year fixed-rate mortgage rose above 3%, up nine basis points to 3.02%. Freddie Mac chief economist Sam Khater expects this upward trend to continue.
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“Unfortunately, this month’s turmoil in the Middle East has put upward pressure on mortgage rates, which in turn could impact overall affordability in the months ahead,” said MBA’s Edward Seiler. Continue Reading Mortgage Application Payments Decreased in February
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Hits and Misses for the Real Estate Week of March 23-27
Dallas-Based Onyx Realty Group Joins The Real Brokerage
Douglas Elliman Launches Yacht Advisory Division
Thor Equities Acquires Historic NYC Mixed-Use Property for $56 Million
CoStar Group Files Amended Complaint in Copyright Infringement Lawsuit Agai…
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