Coverage dated October 16, 2023 to October 18, 2023
Mortgage rates advance toward 8%
Headline from KTVZ Bend
By Anna Bahney Washington, DC (CNN) — Mortgage rates continued to climb last week amid a stronger-than-expected economy and geopolitical uncertainty in the Middle East. The 30-year fixed-rate mortgage averaged 7.63% in the week ending October 19, up from 7.
KTVZ Bend's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Rates on 30-year mortgages have been bobbing around above 8%, rising now to their highest point in ten days. Averages were up for most other loan types as well.
By Anna Bahney Washington, DC (CNN) — Mortgage rates continued to climb last week amid a stronger-than-expected economy and geopolitical uncertainty in the Middle East. The 30-year fixed-rate mortgage averaged 7.63% in the week ending October 19, up from 7.
The rate on the popular 30-year fixed mortgage climbed again this week to 7.63% from 7.57% a week ago, mortgage lender Freddie Mac reported on Thursday.