Mortgage rates surged again this week, with Freddie Mac’s benchmark 30-year fixed rate climbing 25 basis points to 7.28%, its highest reading in nearly three years. The 30-year fixed-rate mortgage averaged 7.28% as of Oct. 1, up from 7.03% a week earlier, according to...
Mortgage rates moved higher again Tuesday, pushing the daily average for a top-tier 30-year fixed mortgage to its highest level in nearly three years and adding another affordability headwind for a housing market already contending with elevated borrowing costs....
For homebuyers trying to set a price ceiling before they are ready to lock a mortgage rate, the number may be less fixed than it looks. A new Realtor.com analysis of mortgage-rate changes since 2000 found that a buyer planning a purchase 12 months in advance would...
The benchmark 10-year U.S. Treasury yield surged above 5.05% Wednesday, reaching its highest level since 2007 and creating fresh upward pressure on borrowing costs across the housing and mortgage markets. The 10-year yield jumped 8.7 basis points to 5.054% following...
Mortgage demand weakened again last week as borrowing costs moved sharply higher, with the Mortgage Bankers Association’s benchmark 30-year fixed contract rate climbing above 7% to its highest level in more than two years. The MBA’s Weekly Mortgage Applications Survey...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
