Source: Reuters The average home loan rates in the United States grew to the highest level in 12 years last week, in an indication that the housing market may be starting to see a cooldown. ITB is up 1.18%, while XHB is up 0.94%. The 30-year fixed-rate average contract rate jumped to 5.20% in the week ending April 15 from 5.13% in the previous week and two percentage … [Read more...] about US Mortgage Applications Drop as Home Loan Rates Surge to 12-Year High
US Mortgage
US Mortgage Rates Rises to the Highest Since December 2018
Source: Bloomberg The average rate on the 30-year US mortgage was recorded at 4.72%, an increase from 4.67% last week. SPY is down -0.44%, DXY is up -0.02%. The mortgage rates have now risen for the fifth straight week, with the latest rate the highest since December 2018.The rise in mortgage costs has been reflected through falling loan demand, while the refinancing … [Read more...] about US Mortgage Rates Rises to the Highest Since December 2018
US Mortgage Rates Climb by Decade-High to Historic 4.8%
Source: Reuters Mortgage rates in the United States grew at the fastest pace in over a decade in the past week, with investors repositioning for more rate hikes by the Federal Reserve. XHB is down 1.86%, while ITB is down 1.07%. Data from the Mortgage Bankers Association (MBA) showed that the 30-year fixed-rate mortgage rate increased to 4.8% in the week ending March 25, … [Read more...] about US Mortgage Rates Climb by Decade-High to Historic 4.8%
