If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.
Mortgage rates continue to inch up, applications fall
Mortgage rates continued to inch up, dragging mortgage applications down, according to the latest Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.79% as of November 7, up from 6.
Mortgage rates rise again amid election volatility
Still, many housing market experts now expect mortgage rates to stay higher for longer. Lisa Sturtevant, chief economist of Bright MLS, said she still expects rates to come down from current levels, but thinks they’ll be volatile and could stay above 6% for all of next year.
Mortgage rates climb and more rises may be on the way
The post-election spike in the 10-year Treasury yield could translate to higher rates for the 30-year fixed rate mortgage in the short term.
Mortgage Rates Today, Nov. 7: Median Rate Rises to 6.99%
The current median interest rate is 6.99% for a 30-year fixed-rate mortgage and 6.13% for a 15-year fixed-rate mortgage
Mortgage Rates In U.S. Climb For Sixth Week To Highest Since July
Buyers willing to crack into the market are finding more properties for sale. In the four weeks through Nov. 3, active listings climbed about 12% from a year earlier, according to Redfin Corp. Homes are lingering for a median of 41 days, up about a week from a year earlier.
Mortgage rates climb again, hurting demand further
Mortgage rates rose for the sixth straight week with the 30-year fixed rate average hitting 6.79%, as purchase demand continues to weaken in the stagnant housing market.
Mortgage rates continue to rise
Average mortgage rates have increased for a sixth straight week. Freddie Mac reports its Primary Mortgage Market Survey shows the 30-year fixed-rate mortga
30-Year Mortgage Rates Holding at 4-Month High
After ticking up for two days, rates on 30-year mortgages kept steady at their most expensive level since early July. Rate movement was minor for most other loan types, too.
Mortgage rates up for a sixth week
The rate ticked up to 6.79 percent from 6.72 percent last week, mortgage buyer Freddie Mac said Thursday. That’s still ...
Interest rates are going down. But mortgage rates are going ... up?
The housing market continues to befuddle economists and policymakers who expected high rates would slow buyer demand and cool ...
Mortgage Rates Tick Up to Highest Level Since Early July
Edging higher for three consecutive days, 30-year mortgage rates are now at their most expensive level in four months. Rate movement was mixed for other other loan types.
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Republicans want Trump to privatize Fannie Mae, Freddie Mac. Some warn it will make mortgage rates pricier
With interest rates widely expected to continue to fall next year, Parrott believes those leading the Treasury Department ...
Mortgage rates rise again, are expected to ‘remain volatile’
A year ago, it averaged 7.03 percent, Freddie Mac said. Five years ago, it averaged 3.19 percent, according to the St.