Over the past seven days, the average interest rate for a 30-year fixed mortgage decreased, while the average rate for a 15-year fixed mortgage increased. 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, the Federal… Continue reading Today’s Mortgage Rates for Aug. 24, 2023: Rates Are Mixed
Tag: Mixed
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