Similar Stories to Mortgage Rates Shoot Up To Highest Level In Nearly 8 Years on Bing News

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:
  • 30-Year Mortgage Rates Fall to Lowest Level in More than a Week
    With a two-day drop, 30-year mortgage rates have dipped to their lowest average in eight days. Rates moved down for most other new purchase loans as well.
    05/3/2024 - 4:25 am | View Link
  • What Does the New Fed Rate Hold Mean for 2024 Mortgage Rates?
    The Fed announced its sixth straight rate hold yesterday and signaled that 2024 rate cuts are not on the near horizon. What could this mean for mortgage rates?
    05/2/2024 - 10:34 am | View Link
  • Interest rates could be high for much longer. Here's what it means for your finances
    The prospect of high interest rates for a longer period of time could exacerbate the financial pain already imposed by elevated borrowing costs, making loans expensive even as consumers still weather ...
    05/2/2024 - 8:28 am | View Link
  • Average long-term US mortgage rate rises for again, reaching highest level more than five months
    the highest level this year, the Mortgage Bankers Association said Wednesday. “Prospective homebuyers are looking for ways to improve affordability, and switching to an ARM is one means of doing that, ...
    05/2/2024 - 5:19 am | View Link
  • The Fed indicated rates will remain higher for longer. What does that mean for you?
    Even so, most online banks held their online savings account rates steady in 2024, and several online banks still offer yields of 5.25%. The highest online yield is currently 5.55%, with the average ...
    05/2/2024 - 2:35 am | View Link
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