The average rate on the popular 30-year fixed mortgage rose to 7.72% on Tuesday, according to Mortgage News Daily.Mortgage rates follow loosely the yield on the…
Prospective buyers attend an open house at a home for sale in Larchmont, New York, on Jan. 22, 2023.Tiffany Hagler-Geard | Bloomberg | Getty ImagesAs high…
Canada’s top banking regulator will soon implement new guidelines for the mortgage market, aimed at reducing the risks posed by negative amortization mortgages — home loans where…
Tim Kitchen | The Image Bank | Getty ImagesIt’s becoming harder to afford a home.Prices are up almost 20% year over year, and mortgage rates are…
Mortgage rates jumped higher this week. It could be just the beginning of an upward trend.The average rate on the popular 30-year fixed mortgage just crossed…
A home is offered for sale in Chicago, Illinois.Scott Olson | Getty ImagesOne of the leanest housing markets in history might be putting on some fat.…
What’s good news for the U.S. economy is suddenly bad news for mortgage rates. A far-better-than-expected May employment report only added to a growing sell-off in…
Signage stands outside the Freddie Mac headquarters in McLean, Virginia, U.S., on Tuesday, Oct. 1, 2019.Andrew Harrer | Bloomberg | Getty ImagesAfter declining for three weeks,…
Daniel Acker | Bloomberg | Getty ImagesMortgage rates appear to be stuck in a holding pattern, giving borrowers no particular incentive to act, especially on refinances.…
CNBC’s Diana Olick breaks down the spike in mortgage rates. Read More: Mortgage rates spike on shocking jobs report