Strong employment numbers caused mortgage rates to take off with the 30-year fixed-rate average the highest it has been in nearly eight years. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average jumped to 4.94 percent with an average 0.5 point. (Points...

Topics:  freddie mac    points   highest   years   mortgage rates   average   fixed-rate   
BING NEWS:
  • Average long-term US mortgage rate climbs for fourth straight week to highest level since November
    The average long-term U.S. mortgage rate climbed this week to its highest level since late November, another setback for home shoppers in what’s traditionally the housing market’s busiest time of the ...
    04/25/2024 - 5:28 am | View Link
  • Average 30-year fixed mortgage rates continue to climb as inflation persists, analysts say
    Mortgage News Daily reported on April 16 that the rate reached 7.5%, the highest since mid-November 2023 when the level hit 7.58%. Rates skyrocketed to 8% last October, according to Mortgage News ...
    04/19/2024 - 9:37 am | View Link
  • 30-Year Mortgage Rates Dip for a Second Day
    Across the previous week, rates jumped 45 basis points, raising the average to 7.65%—its highest level since late November. But the flagship average has now come down to 7.50%. Thirty-year rates ...
    04/18/2024 - 1:00 pm | View Link
  • New Mortgage Rate Spike Threatens California Housing Market
    The median price of a home in the Golden State hit its highest level in seven months in March, going up by close to 8 percent to $855,000 from a year ago. High prices have helped stifle supply as ...
    04/18/2024 - 10:56 am | View Link
  • Mortgage rates surge past 7%, reaching highest level since November
    That has sent bond yields soaring. Mortgage rates track the benchmark 10-year US Treasury yield, which has risen to its highest level since November at 4.637%. The Consumer Price Index for March ...
    04/18/2024 - 7:54 am | View Link
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