Mortgage rates rose this week after falling for six straight weeks | CNN Business

The 30-year fixed-rate mortgage averaged 6.42% in the week ending December 29, up from 6.27% the week before and capping a rollercoaster year for homebuyers that saw mortgage rates more than double in less than 12 months. “The housing market remains in the doldrums with declining sales, inventory and prices,” said Sam Khater, Freddie Mac’s chief economist. “The declines in sales and deceleration in home prices began swiftly earlier in 2022 but have moderated more recently.

But mortgage rates have tumbled in the last several weeks, following various data points that showed inflation may have finally reached its peak. “The Freddie Mac fixed rate for a 30-year loan followed in the footsteps of the 10-year Treasury, which rose from 3.45% at the midpoint of the month to 3.86% yesterday,” said George Ratiu, senior economist and manager of economic research at Realtor.com.

rates doubled as DOM's doubled

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mortgage rates inch up as the U.S. ‘housing market remains in the doldrums’: Freddie MacThe 30-year mortgage rate is averaging at 6.42%, Freddie Mac said in its latest weekly survey on Thursday. Guys, anybody has a link to ,that money making bot everybody's talking about Anybody Let's go Brandon!
Source: MarketWatch - 🏆 3. / 97 Read more »

Cryptic crossword-loving billionaire Stephen Smith is solving the mortgage businessCryptic crossword-loving billionaire Stephen Smith is solving the mortgage business — via financialpost financialpost No he isn't wtf kind of ad is this.
Source: TheStarPhoenix - 🏆 253. / 63 Read more »