October 5, 2023 Mortgage rates maintained their upward trajectory as the 10-year Treasury yield, a key benchmark, climbed. Several factors, including shifts in inflation, the job market and uncertainty around the Federal Reserve’s next move, are contributing to the highest … Continue reading
Mortgage Rates Reach Highest Level in Almost 23 Years
September 28, 2023 The 30-year fixed-rate mortgage has hit the highest level since the year 2000. However, unlike the turn of the millennium, house prices today are rising alongside mortgage rates, primarily due to low inventory. These headwinds are causing … Continue reading
August Monthly Skinny Video
Mortgage Rates Remain Flat, Lingering Above Seven Percent
September 21, 2023 Mortgage rates continue to linger above seven percent as the Federal Reserve paused their interest rate hikes. Given these high rates, housing demand is cooling off and now homebuilders are feeling the effect. Builder sentiment declined for … Continue reading
Mortgage Rates Inch Back Up
September 14, 2023 Mortgage rates inched back up this week and remain anchored north of seven percent. The reacceleration of inflation and strength in the economy is keeping mortgage rates elevated. However, potential homebuyers can still benefit during these times … Continue reading
Mortgage Rates Decrease from Last Week While Remaining Above Seven Percent
September 7, 2023 For the fourth consecutive week, the 30-year fixed-rate mortgage hovered above seven percent. The economy remains buoyant, which is encouraging for consumers. Though while inflation has decelerated, firmer economic data have put upward pressure on mortgage rates … Continue reading
The 30-Year Fixed-Rate Mortgage Decreases
August 31, 2023 Mortgage rates leveled off this week but remain elevated. Despite continued high rates, low inventory is keeping house prices steady. Recent volatility makes it difficult to forecast where rates will go next, but it might be easier … Continue reading
Mortgage Rates Continue to Surge
August 24, 2023 This week, the 30-year fixed-rate mortgage reached its highest level since 2001 and indications of ongoing economic strength will likely continue to keep upward pressure on rates in the short-term. As rates remain high and supply of … Continue reading
July Monthly Skinny Video
The 30-Year Fixed-Rate Mortgage Reaches its Highest Level in Over Twenty Years
August 17, 2023 The economy continues to do better than expected and the 10-year Treasury yield has moved up, causing mortgage rates to climb. The last time the 30-year fixed-rate mortgage exceeded seven percent was last November. Demand has been … Continue reading
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