Both 15-year fixed and 30-year fixed refinances saw their average rates go higher 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 Current Refinance Rates on Aug. 18, 2023: Rates Tick Higher
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Mortgage Refinance Rates for Aug. 17, 2023: Rates Tick Higher
Both 15-year fixed and 30-year fixed refinances saw their average rates increase this week. The average rates for 10-year fixed refinances also 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 in an effort to curb high inflation. While… Continue reading Mortgage Refinance Rates for Aug. 17, 2023: Rates Tick Higher
Mortgage Interest Rates Today for Aug. 16, 2023: Rates Tick Up
A handful of closely followed mortgage rates climbed up over the last seven days. The average 15-year fixed and 30-year fixed mortgage rates both moved higher. At the same time, average rates for 5/1 adjustable-rate mortgages also increased. As inflation surged in 2022, so too did mortgage rates. To rein in price growth, the Federal… Continue reading Mortgage Interest Rates Today for Aug. 16, 2023: Rates Tick Up
Current Mortgage Interest Rates on Aug. 15, 2023: Rates Tick Up
A couple of closely followed mortgage rates crept upward over the last seven days. The average 15-year fixed and 30-year fixed mortgage rates both climbed higher. For variable rates, the 5/1 adjustable-rate mortgage also advanced. As inflation surged in 2022, so too did mortgage rates. To rein in price growth, the Federal Reserve began bumping… Continue reading Current Mortgage Interest Rates on Aug. 15, 2023: Rates Tick Up
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