A variety of notable mortgage rates boasted increases over the last seven days. The average interest rates for both 15-year fixed and 30-year fixed mortgages both made gains. For variable rates, the 5/1 adjustable-rate mortgage also increased. As inflation surged in 2022, so too did mortgage rates. To rein in price growth, the Federal Reserve… Continue reading Here Are Today’s Mortgage Rates on Aug. 23, 2023: Rates Increase
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Current Refinance Rates on Aug. 23, 2023: Rates Increase
Both 15-year fixed and 30-year fixed refinances saw their average rates increase this week. The average rates for 10-year fixed refinances sank. 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. While the Fed… Continue reading Current Refinance Rates on Aug. 23, 2023: Rates Increase
Today’s Mortgage Rates for Aug. 18, 2023: Rates Increase
A variety of major mortgage rates went higher over the last seven days. The average interest rates for both 15-year fixed and 30-year fixed mortgages both grew. We also saw a hike 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,… Continue reading Today’s Mortgage Rates for Aug. 18, 2023: Rates Increase
Current Refinance Rates on Aug. 10, 2023: Rates Increase
Both 15-year fixed and 30-year fixed refinances saw their mean rates rise this week. The average rate on 10-year fixed refinance sank. 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. While the Fed… Continue reading Current Refinance Rates on Aug. 10, 2023: Rates Increase
Mortgage Interest Rates for July 31, 2023: Rates Increase
A variety of notable mortgage rates increased over the last seven days. The average interest rates for both 15-year fixed and 30-year fixed mortgages both crept higher. The average rate of the most common type of variable-rate mortgage, the 5/1 adjustable-rate mortgage, also advanced. As inflation surged in 2022, so too did mortgage rates. To… Continue reading Mortgage Interest Rates for July 31, 2023: Rates Increase