Mortgage rates march towards 6%, reaching highest level since 2008 — but there is some good news for home buyers
Mortgage rates increased again this week, sensing further aggressive rate hikes from the Federal Reserve.Mortgage rates increased again this week, sensing further aggressive rate hikes from the Federal Reserve.
That’s up 23 basis points from the previous week — one basis point is equal to one hundredth of a percentage point, or 1% of 1%. The median price of an existing home in the U.S. was $403,800, as of July, the National Association of Realtors said.A year ago, the 30-year was at 2.88%.The adjustable-rate mortgage averaged 4.64%, up from the prior week.
But there is some good news for home buyers: The “dispersion of rates has also increased,” Khater noted. So prospective buyers can shop around for a better rate.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Plan for lane restrictions on US 89 north of Flagstaff Sept. 7-8
Leer más »
'Star Trek' icon Nichelle Nichols' ashes to launch into space, son Kyle calls Enterprise mission 'great honor'Nichelle Nichols died in July at 89 and will be memorialized among the stars via a Vulcan rocket launching her ashes into deep space with late 'Star Trek' colleagues.
Leer más »
Tesla Model Y Gets Highest Safety Score Ever In European TestTesla’s fast-selling Model Y crossover has received the highest safety score of any car analyzed under Euro NCAP’s newest and toughest test. The Model Y achieved a 92% score, while its nearest competitors top out at 89%.
Leer más »
Degens borrowing ETH to get fork tokens create headaches for DeFi platformsWhile Aave and Compound Finance have taken different approaches, both have ultimately opted to deter PoW token hunters from borrowing too much ETH to avoid liquidity issues.
Leer más »
Mortgage Demand Drops Further as Interest Rates Shoot Back to June HighSharply higher mortgage rates are causing demand to fall even further for both homebuying and refinancing.
Leer más »
Denver Home Sales Down Despite Lower PricesThe shift toward a buyer's market continues.
Leer más »