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
Tag: Rates
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