Both 15-year fixed and 30-year fixed refinances saw their average rates increase over the past seven days. The average rate on 10-year fixed refinance also saw an increase. At the start of the pandemic, refinance rates hit a historic low. But in early 2022, the Federal Reserve began hiking interest rates in an effort to… Continue reading Refinance Rates for Aug. 8, 2023: Rates Move Up
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Mortgage Refinance Rates on Aug. 7, 2023: Rates Are Mixed
The 15-year fixed refinance saw an increase in national rate averages over the past seven days, while 30-year fixed refinance rates didn’t change. The average rate on 10-year fixed refinance made gains. At the start of the pandemic, refinance rates hit a historic low. But in early 2022, the Federal Reserve began hiking interest rates… Continue reading Mortgage Refinance Rates on Aug. 7, 2023: Rates Are Mixed
Mortgage Rates for Aug. 3, 2023: Rates Trend Higher
A couple of closely followed mortgage rates crept higher over the last seven days. The average 15-year fixed and 30-year fixed mortgage rates both rose. At the same time, average rates for 5/1 adjustable-rate mortgages also went up. As inflation surged in 2022, so too did mortgage rates. To rein in price growth, the Federal… Continue reading Mortgage Rates for Aug. 3, 2023: Rates Trend Higher
Here Are Today’s Refinance Rates, Aug. 3, 2023: Rates Move Up
Both 15-year fixed and 30-year fixed refinances saw their average rates go up this week. The average rates for 10-year fixed refinances also moved up. At the start of the pandemic, refinance rates hit a historic low. But in early 2022, the Federal Reserve began hiking interest rates in an effort to curb high inflation.… Continue reading Here Are Today’s Refinance Rates, Aug. 3, 2023: Rates Move Up