Current 30-Year Mortgage Rates Stay Above 6%

Abstract

30-year mortgage rates may have temporarily dipped a few months ago but are now once again above the 6.00% mark. Since Q2 2022, mortgage rates have been on a wild roller coaster ride. While the Federal Reserve doubles down on its fight against inflation, mortgage rates are taking quite a hit as 30-year mortgage rates have already hit 6.00% with a quarter left for 2022. Almost every market forecast for the year predicted that we will end the year with 5.00% rates. At the time of writing, the rates for 30-year fixed, 15-year fixed, ARMs, and jumbo mortgages have gone up. Below are the mortgage rates as of September 12, 2022, according to a report from Bankrate: Greg McBride, Bankrate's chief financial analyst, says: The cumulative effect of this sharp rise in rates has cooled the housing market and caused the economy to start slowing, but hasn't done much to lower inflation. Given the current market conditions, a lot of sellers are slashing their asking prices just to make a sale as folks put plans of buying a house on hold due to high prices and interest rates.

Current 30-Year Mortgage Rates Stay Above 6%

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Current 30-Year Mortgage Rates Stay Above 6%

mashvisor mashvisor | 1 year ago

30-year home mortgage rates are on the rise again. So are the other mortgage types. What’s in store for real estate investors this month? Homeownership is getting more and more elusive with mortgage rates getting higher and higher. 30-year mortgage rates may have temporarily dipped a few months ago but are now once again above the 6.00% mark. Since Q2 2022, mortgage rates have been on a wild roller coaster ride. While the Federal Reserve doubles down on its fight against inflation, mortgage...

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Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

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bizjournals bizjournals | 1 year ago

The 30-year fixed mortgage rate averaged 6.29% for the week ending Sept. 22 — up from 6.02% last week.

U.S. mortgage rates keep rising above 6%

bizjournals bizjournals | 1 year ago

A year ago, mortgage rates averaged 2.88%.

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themortgagereports.com themortgagereports.c... | 1 year ago

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Sellers Lose The Upper Hand As Mortgage Rates Climb Above 6%

forbes forbes | 1 year ago

Sellers Lose The Upper Hand As Mortgage Rates Climb Above 6% Home sellers are getting nervous as the once-hot housing market cools fast.getty Home sellers are getting nervous as the once-hot housing market cools fast. The housing market is becoming more balanced, but at a great cost to buyers, who are footing the bill of high monthly mortgage payments, and sellers, whose stronghold on the market has slipped away as mortgage rates doubled this year. This is according to a new report from Redfin, ...