Mortgage rates top 7%
For the first time since January 2025, mortgage rates are back above 7%.
For the first time since January 2025, mortgage rates are back above 7%.
Home mortgage applications dropped 19% from a year ago amid rising interest rates, that’s according to the Mortgage Bankers Association.
The average 30-year fixed mortgage rate is the highest it’s been since June of last year.
Mortgage rates may be high but young buyers are likely to qualify for the best offers.
Mortgage rates have hit their highest level in nearly a year.
There’s bad news for the housing market.
Freddie Mac and Fannie Mae-backed mortgages are about to get cheaper for some people, but more expensive for others.
The least ideal time to take on new debt is when interest rates are high, but according to a new Federal Reserve Bank of New York report, that’s exactly what Americans are doing.