Mortgage rates jump to 5.78%, largest 1-week increase since 1987
Mortgage rates jump to 5.78%, largest 1-week increase since 1987
The Freddie Mac PMMS shows purchase mortgage rates averaged 5.78% this week, compared to 5.23% a week ago and 2.93% a year ago.
The post Rates jump to 5.78%, the largest 1-week increase since 1987 appeared first on HousingWire.
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The Freddie Mac PMMS shows purchase mortgage rates averaged 5.78% this week, compared to 5.23% a week ago and 2.93% a year ago.
The post Rates jump to 5.78%, the largest 1-week increase since 1987 appeared first on HousingWire.
The Freddie Mac PMMS shows purchase mortgage rates averaged 5.78% this week, compared to 5.23% a week ago and 2.93% a year ago.
The post Rates jump to 5.78%, the largest 1-week increase since 1987 appeared first on HousingWire.
In late March, 30-year mortgage rates experienced their largest 3-month increase since May 1987 – up 1.56 percentage points since the end of 2021. A recent chart shared on twitter by Len Kiefer, Deputy Chief Economist at Freddie Mac, who helps “people understand the economy, housing, and mortgage markets” illustrates these increases going back to [...]
The post Mortgage Rates See Largest 3-Month Increase Since 1987 appeared first on Real Estate Investing Today.
In late March, 30-year mortgage rates experienced their largest 3-month increase since May 1987 – up 1.56 percentage points since the end of 2021. A recent chart shared on twitter by Len Kiefer, Deputy Chief Economist at Freddie Mac, who helps “people understand the economy, housing, and mortgage markets” illustrates these increases going back to [...]
The post Mortgage Rates See Largest 3-Month Increase Since 1987 appeared first on Real Estate Investing Today.
The Federal Reserve (Fed) on Wednesday did something it hadn’t done in more than two decades: it raised the federal funds rate by 75 basis points, to 1.50-1.75%, a hike not seen since 1994.
The post Fed hikes rates by 75 bps, the largest increase since 1994 appeared first on HousingWire.
The Federal Reserve (Fed) on Wednesday did something it hadn’t done in more than two decades: it raised the federal funds rate by 75 basis points, to 1.50-1.75%, a hike not seen since 1994.
The post Fed hikes rates by 75 bps, the largest increase since 1994 appeared first on HousingWire.
The U.S. 30-year fixed-rate mortgage averaged 5.78% for the week ending June 16, according to data released by Freddie Mac on Thursday. That’s up 55 basis points from the previous week—one basis point is equal to one hundredth of a percentage point. The average rate on the 15-year fixed-rate mortgage rose 43bp over the past week to 4.81%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4.33%, up 21bp from the prior week. “Mortgage rates surged as the 30-year fixed-rat...
The U.S. 30-year fixed-rate mortgage averaged 5.78% for the week ending June 16, according to data released by Freddie Mac on Thursday. That’s up 55 basis points from the previous week—one basis point is equal to one hundredth of a percentage point. The average rate on the 15-year fixed-rate mortgage rose 43bp over the past week to 4.81%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4.33%, up 21bp from the prior week. “Mortgage rates surged as the 30-year fixed-rat...
On the heels of the latest federal funds rate hike, Freddie Mac reported mortgage rates accelerated at the fastest pace in decades, with the 30-year average now sitting at heights last seen in 2008. The 30-year fixed rate surged 55 basis points to an average of 5.78% for the weekly period ending June 16, up from 5.23% seven days earlier, according to Freddie Mac’s Primary Mortgage Market Survey. The last time the 30-year rate leapt by as large a margin in a single week was ...
On the heels of the latest federal funds rate hike, Freddie Mac reported mortgage rates accelerated at the fastest pace in decades, with the 30-year average now sitting at heights last seen in 2008. The 30-year fixed rate surged 55 basis points to an average of 5.78% for the weekly period ending June 16, up from 5.23% seven days earlier, according to Freddie Mac’s Primary Mortgage Market Survey. The last time the 30-year rate leapt by as large a margin in a single week was ...
The 30-year fixed-rate mortgage increased 42 basis points this week to an average of 5.55%, up from last week’s 5.13%. A year ago this time, rates averaged 2.87%.
The post Purchase mortgage rates jump to 5.55% appeared first on HousingWire.
The 30-year fixed-rate mortgage increased 42 basis points this week to an average of 5.55%, up from last week’s 5.13%. A year ago this time, rates averaged 2.87%.
The post Purchase mortgage rates jump to 5.55% appeared first on HousingWire.
The 30-year fixed mortgage rate averaged 5.30% for the week ending May 12 — up from 5.27% last week.
The 30-year fixed mortgage rate averaged 5.30% for the week ending May 12 — up from 5.27% last week.
The 30-year fixed mortgage rate averaged 5.30% for the week ending May 12 — up from 5.27% last week.
The 30-year fixed mortgage rate averaged 5.30% for the week ending May 12 — up from 5.27% last week.
The 30-year fixed mortgage rate averaged 5.30% for the week ended May 12 — up from 5.27% the prior week.
The 30-year fixed mortgage rate averaged 5.30% for the week ended May 12 — up from 5.27% the prior week.