Headline from East Idaho News, on the newest of 2 developments
Washington, DC (CNN) — US mortgage rates surged again this week, rising to their highest level since 2001. The 30-year fixed-rate mortgage averaged 7.23% in the week ending August 24, up from 7.09% the week before, according to data from Freddie Mac released Thursday.
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FreddieMac said Thursday the average U.S. 30-year fixed-rate mortgage interest is 7.09%, the highest in 21 years. The strong U.S. economy is helping drive those rates as demand has been impacted by high home prices.
The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, grim news for would-be homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.
The average cost of a 30-year fixed-rate mortgage jumped to 7.09% this week, the highest in over two decades. Rising interest rates have put homes out of reach for many would-be buyers.
Rates on 30-year mortgages climbed to again hit their highest level since 2002. Rates were up on almost every loan type, including a new record for the jumbo 30-year average.
Rates for a fixed, 30-year mortgage jumped to the highest rate seen in over 20 years - over seven percent. We'll look at what this means for prospective homebuyers, and the housing market in general.
Mortgage rates rose again, hitting new records not only for 30-year new purchase loans, but also for 15-year loans, 30-year jumbo loans, and 30-year refi mortgages.
Washington, DC (CNN) — US mortgage rates surged again this week, rising to their highest level since 2001. The 30-year fixed-rate mortgage averaged 7.23% in the week ending August 24, up from 7.09% the week before, according to data from Freddie Mac released Thursday.
The average long-term U.S. mortgage rate climbed further above 7% this week to its highest level since 2001, another blow to prospective homebuyers grappling with rising home prices and a stubbornly low supply of properties on the market.
The average rate offered for a 30-year fixed mortgage surged this week to 7.23% from 7.09% the week before, reaching the highest point since 2001, Freddie Mac said Thursday.
Washington, DC (CNN) — US mortgage rates surged again this week, rising to their highest level since 2001.The 30-year fixed-rate mortgage averaged 7.23% in the week
The average rate on the benchmark 30-year fixed mortgage climbed to 7.23% this week, the highest since 2001, according to the latest data from Freddie Mac.
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US mortgage rates soar to 7.23%, a 22-year high | Since Then
