Mortgage Rates Jump Back Above 5%
Freddie Mac says rates recent volatility continues.
Freddie Mac says rates recent volatility continues.
Curinos’ latest ‘Mortgage Hot Topics’ data, released on August 4, revealed that funded volume in the retail channel was down 57%.
NMP poll also shows pessimism about profits and refinancing business.
As of July 21, the 30-year, fixed-rate mortgage averaged 5.54% with an average 0.8 point.
Redfin found that a record share of homebuyers are relocating as high prices and mortgage rates make affordable areas more attractive.