Mortgage Rates Spike For 6th Straight Week
Freddie Mac survey finds 30-year fixed-rate mortgages now average 6.7%, more than double the rate at this point last year.
Freddie Mac survey finds 30-year fixed-rate mortgages now average 6.7%, more than double the rate at this point last year.
Redfin says a house hunter looking for a $500,000 home saw their potential total mortgage payment decrease $64,000 from July to August, but jump up $118,000 from August to September.
Rates dropped over the summer, but are spiking once again.
Report released Thursday shows the housing market continues to face headwinds.
Offers new homebuyers 1 percentage point discount for first year of payments.