Confused by the New Mortgage Gimmicks? Here’s a Guide. Mortgage lenders are offering incentives to borrowers, hoping to lure them even as rates soar. It’s up to consumers to sort it all out.
Mortgage Rates Hit 7%, Housing Prices Expected to Fall As the average 30-year mortgage rate eclipses 7 percent, home buyers and sellers are confronting sticker shock.
Mortgage Rates Jump Above 6%, Putting Pressure on Housing Market Mortgage rates have been on the rise since the start of the year as the Federal Reserve affirmed its commitment to tame soaring inflation.
Mortgage Rates Jump to 5.78 Percent, Rising at the Fastest Pace Since 1987 The climb in mortgage rates, coupled with skyrocketing home prices, has eroded what prospective home buyers can afford.
What the Fed’s Rate Hike Means for Mortgages Rates on 30-year fixed mortgages track the yield on 10-year Treasury bonds, which are influenced by inflation and the Fed’s actions, among other things.