| Getty Images Key takeaways Mortgage applications fell 1.9% from the previous week for the week ending on December 2, with many potential homebuyers likely waiting to see what the rate hike announcem...
Tag: mortgage interest rates
Is The Real Estate Market Slowing Down Due To Mortgage Rates?
| Getty Images Key Takeaways Mortgage rates have nearly tripled since this time a year ago. However, housing prices have continued to rise, making new mortgages unaffordable. Overall, the result is a ...
Why Did Mortgage Rates Suddenly Drop?
| Getty Images Key Takeaways Rates for 30-year fixed rate mortgages dropped below 7% the first week of November. Rates have been moving higher for most of 2022, rising from around 3% to over 7%. More ...
Why Are Mortgage Rates Going Up In November 2022?
| Getty Images Key Takeaways Average mortgage rate currently stands at 6.95% for a 30-year loan and 6.29% for a 15-year loan. Experts believe mortgage rates will be contained to a narrow window as we ...