Over the past week, a few key mortgage rates increased. The average interest rates for 15-year fixed and 30-year fixed mortgages both grew. We also saw an increase in the average rate of 5/1 adjustable-rate mortgages. As inflation surged in 2022, so too did mortgage rates. To rein in price growth, the Federal Reserve began… Continue reading Mortgage Rates Climb Higher on Aug. 22, 2023: What Does That Mean for You?
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Mortgage Rates for Aug. 21, 2023: Rates Climb
A number of important mortgage rates rose over the last seven days. The average 15-year fixed and 30-year fixed mortgage rates both moved up. At the same time, average rates for 5/1 adjustable-rate mortgages also lifted. As inflation surged in 2022, so too did mortgage rates. To rein in price growth, the Federal Reserve began… Continue reading Mortgage Rates for Aug. 21, 2023: Rates Climb