Some closely followed mortgage rates crept higher over the last seven days. The average 15-year fixed and 30-year fixed mortgage rates both increased. At the same time, average rates for 5/1 adjustable-rate mortgages also were raised. As inflation surged in 2022, so too did mortgage rates. To rein in price growth, the Federal Reserve began… Continue reading Here Are Mortgage Rates for Aug. 8, 2023: Rates Trend Higher
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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
Here Are Mortgage Rates for August 4, 2023: Rates Tick Up
A handful of closely followed mortgage rates grew over the last seven days. The average 15-year fixed and 30-year fixed mortgage rates both increased. The average rate of the most common type of variable-rate mortgage, the 5/1 adjustable-rate mortgage, also increased. As inflation surged in 2022, so too did mortgage rates. To rein in price… Continue reading Here Are Mortgage Rates for August 4, 2023: Rates Tick Up
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
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
Mortgage Refinance Rates on July 31, 2023: Rates Move Up
Both 15-year fixed and 30-year fixed refinances saw their mean rates climb this week. The average rates for 10-year fixed refinances also inched 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. While… Continue reading Mortgage Refinance Rates on July 31, 2023: Rates Move Up