Mortgage rates push higher with no relief in sight: Freddie Mac
The average 30-year fixed-rate mortgage was 7.22% for the week ending May 2, according to Freddie Mac's latest Primary Mortgage Market Survey.
Mortgage rates increase for fifth week in a row, and home buyers ‘will likely not see relief’ anytime soon
The 30-year fixed-rate mortgage rose and averaged 7.22% as of May 2, according to data released by Freddie Mac on Thursday.
Average long-term US mortgage rate rises for again, reaching highest level more than five months
The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what’s typically the housing market’s busiest stretch of the year.
Weekly Mortgage Rates Rise Again, While Home Sales Increase, Too
The article Weekly Mortgage Rates Rise Again, While Home Sales Increase, Too originally appeared on NerdWallet.
Homebuyers turn to ARMs as mortgage rates hover above 7% for third straight week
The rate of the popular 30-year fixed mortgage hit 7.22% this week, causing some buyers to turn to adjustable-rate loans.
Average mortgage rate rises to highest level since November
The average 30-year fixed mortgage rate reached its highest level in five months this week, at 7.22%, according to Freddie Mac. It was the fifth straight increase for the weekly measure. Last year at this time, the average was 6.39%. Last week, the average was 7.17%.
Long-term mortgage rates rise for the 5th consecutive week
Long-term mortgage rates rose for the fifth consecutive week, according to the Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 7.22% as of May 2, up from last week when they averaged 7.
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