Mortgage rates rise
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US new home sales unexpectedly rise
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Mortgage rates are up today, but still under 7%. Todayās national average on a 30-year fixed-rate mortgage is 6.96%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.
Early forecasts called for a gradual decline in mortgage rates (potentially reaching 6% by the end of 2025), but concerns over a potential recession and uncertain trade policies h
The average 30-year fixed mortgage rate rose to 6.86% nationally, according to mortgage giant Freddie Mac's weekly survey.
Rates on 30-year refi mortgages jumped several pointsātriggered by bond prices that soared Wednesday in response to President Trump's tax bill. Rates rose for most loan types.
JPMorgan Chase CEO Jamie Dimon discussed the burden of mortgage regulations on homebuyers and expressed concerns over economic risks like stagflation and tariffs.
Mortgage rates had been falling, but this week's inflation figures could see rates start to rise again, a lender has warned.
The downgrade of the U.S. sovereign credit rating Friday will likely mean higher borrowing costs on mortgages.
The rate on the 10-year Treasury note is determined by expectations for shorter-term interest rates in the economy over the duration of a bond, plus a term premium. The post Mortgage Demand From Homeowners Recovers as Applications Rise for the Second Week in a Row appeared first on Real Estate News & Insights | realtor.com®.