High mortgage rates continue to pressure the housing market, as the sector undergoes a deep slow down after two years of blockbuster growth. The 30-year fixed-rate mortgage averaged 7.08% as Read more
Tag: 30yearmortgage
Mortgage rates surge to the highest level since April 2002. ‘The next several months will undoubtedly be important for the economy and the housing market.’
The numbers: U.S. mortgage rates have resumed their journey upwards, hitting a 20-year high. The 30-year fixed-rate mortgage averaged 6.92% as of October 13, according to data released by Freddie Read more