Variable Mortgage Rates to Rise as Prime Rate Jumps to 3.20%
Variable Mortgage Rates to Rise as Prime Rate Jumps to 3.20%
Variable-rate mortgage holders are about to see their interest costs rise again after Canada's Big 5 banks announced a 50-basis-point hike to prime rate on Wednesday.
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Variable-rate mortgage holders are about to see their interest costs rise again after Canada's Big 5 banks announced a 50-basis-point hike to prime rate on Wednesday.
Variable-rate mortgage holders are about to see their interest costs rise again after Canada's Big 5 banks announced a 50-basis-point hike to prime rate on Wednesday.
The price of new mortgages is rising even faster than UK interest rates, according to new data that adds to the dilemma faced by many thinking about taking out a new loan on a home.The financial data provider Moneyfacts said the average new two-year fixed rate had increased by 0.14% since the start of this month, and now stood at 4.09%. This is the first time the average figure has broken through 4% since early 2013.In December 2021, the average new two-year fixed rate was priced at 2.34%, so it...
The price of new mortgages is rising even faster than UK interest rates, according to new data that adds to the dilemma faced by many thinking about taking out a new loan on a home.The financial data provider Moneyfacts said the average new two-year fixed rate had increased by 0.14% since the start of this month, and now stood at 4.09%. This is the first time the average figure has broken through 4% since early 2013.In December 2021, the average new two-year fixed rate was priced at 2.34%, so it...
The Fedโs latest rate hike is taking effect, but ARMs could be the answer for homeowners looking to save on their mortgage. Plus 3 other ways to save.
The Fedโs latest rate hike is taking effect, but ARMs could be the answer for homeowners looking to save on their mortgage. Plus 3 other ways to save.
CNBC's Diana Olick joins 'Squawk Box' to break down the latest weekly mortgage demand data from the Mortgage Bankers Association.
CNBC's Diana Olick joins 'Squawk Box' to break down the latest weekly mortgage demand data from the Mortgage Bankers Association.
Seventh consecutive weekly increase says Freddie Mac
Seventh consecutive weekly increase says Freddie Mac
Sharply rising mortgage rates caused mortgage demand to plunge and pushed more borrowers to riskier, adjustable-rate loans.
Sharply rising mortgage rates caused mortgage demand to plunge and pushed more borrowers to riskier, adjustable-rate loans.
Home sales slowed in the first quarter of the year, thanks to rising home prices and interest rates.
Home sales slowed in the first quarter of the year, thanks to rising home prices and interest rates.
CNBC's Diana Olick joins 'Squawk Box' to break down the Mortgage Bankers Association's latest weekly mortgage rate application data.
CNBC's Diana Olick joins 'Squawk Box' to break down the Mortgage Bankers Association's latest weekly mortgage rate application data.
CNBC's Diana Olick reports on rising mortgage rates due to a lack of listings.
CNBC's Diana Olick reports on rising mortgage rates due to a lack of listings.
Fast-rising mortgage rates are shutting current borrowers out of the refinance market and potential homebuyers out of the housing market.
Fast-rising mortgage rates are shutting current borrowers out of the refinance market and potential homebuyers out of the housing market.