Mortgage Interest Rates Goes Above 6% For The First Since 2008

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In: Mortgage News

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The most popular mortgages in the United States now have an average interest rate above 6%, the first time since 2008 that number has been exceeded. According to data from the Mortgage Bankers Association (MBA), average interest rates have doubledContinue Reading

Mortgage Rates Rise - The Fed 0.75% Rate Increase

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In: Mortgage News

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The Federal Reserve announced today that it will raise benchmark interest rates by 0.75%, in line with expectations to fight inflation. It is currently at 3.125%.  “The Fed raised its federal fund’s rate target again today by 75 basis pointsContinue Reading

Rise in Mortgage Interest Rates Bring Challenges for First-Time Home Buyers

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In: New Home Mortgage News

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An all-around focus on the housing market will get harder. The Federal Funds Rate expanded by 25 premise focuses a week ago.  The first increment by the Federal Reserve began around 2018. This increment is expected to affect the housingContinue Reading

Borrowers Look out as Mortgage Rates are at Peak since COVID Began

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In: Realtor News

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Mortgage interest rates are ablaze in 2022, up 30 premise focuses to 3.45% in the initial fourteen days of January alone-and the most elevated since March 2020.  While rates are still low compared with Pre-Covid levels, ever more blazing expansionContinue Reading

Mortgage Rates Rise After Many Weeks Of Dip

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In: Mortgage News

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Last updated on December 26th, 2022 at 09:34 pmFor the week ending August 12 mortgage rates have increased, after falling for six straight weeks. According to Freddie Mac’s Primary Mortgage Market Survey released yesterday, the average 30-year fixed-rate loan wasContinue Reading