When Will Mortgage Rates Come Back Down?
Mortgage rates climb for the fourth straight week after falling at the start of the year.
Mortgage rates climb for the fourth straight week after falling at the start of the year.
Both purchase an refinance volume fell as mortgage rates rose again.
Freddie Mac says 30-year fixed rate rose to 6.32%, highest since Jan. 12.
The 30-year fixed mortgage rate rose to 6.12%; 15-year fixed at 5.25%.
Young buyers are so hesitant to buy, they’re backing out of purchase contracts.
According to Fannie Mae's ESR Group, housing and mortgage markets are not expected to recover until 2024.
Mortgage-purchase applications and Redfin’s Homebuyer Demand Index are both up by double digits since bottoming out earlier this fall.
The 50-basis-point hike is 7th in 2022, but target range for 2023 is still 85 basis points higher.