Mortgage

The average rate for a 30-year fixed rate mortgage increased to 6.79% for the week ending June 1, according to Freddie Mac. Meanwhile, the Fed said it’s weighing in on the possibility of another interest rate hike.

Mortgage rates have ticked higher along with the 10-year Treasury yield, which lenders use as a guide to pricing loans. The current rate on the 30-year fixed mortgage is 6.79%.

Check out the mortgage rates for June 1, 2023, which are largely trending down from yesterday.

Check out the mortgage rates for May 31, 2023, which are mixed from yesterday.

If the government fails to raise the debt ceiling, a default on its obligations could trigger a major drop in home sales, an increase in mortgage rates and a recession, according to a forecast by Zillow.

Roughly 25% of home searchers looked to relocate to a new metro in the first quarter, according to a Redfin survey. But they may start seeing an uptick in inventory as sellers enter the housing market.

Check out the mortgage rates for May 30, 2023, which are mixed from Friday.

Check out the mortgage rates for May 26, 2023, which are mixed from yesterday.

House Republicans are attempting to undo President Biden’s controversial mortgage rule that took effect earlier this month.

New data shows that mortgage rates climbed to the highest level since mid-March as debt default concerns linger. The rate on the 30-year fixed mortgage rose to 6.57% this week.

Check out the mortgage rates for May 25, 2023, which are trending up from yesterday.

Check out the mortgage rates for May 24, 2023, which are mixed from yesterday.

The housing market took a hit in the past week as higher interest rates and low supply sent demand for mortgages down 4.6% from the previous week's levels.

Home value appreciation has helped homeowners from all income levels gain at least $98,000 in wealth since 2012, a study by NAR found. Here’s what you need to know.

Check out the mortgage rates for May 23, 2023, which are mixed from yesterday.

Home prices across the U.S. increased by 2.0% annually in February, down from the 3.8% annual increase in January, Case-Shiller's National Home Price NSA Index showed.

Check out the mortgage rates for May 22, 2023, which are trending up from Friday.

Check out the mortgage rates for May 19, 2023, which are mixed from yesterday.

The average rate for a 30-year fixed-rate mortgage rose to 6.39% for the week ending May 18, 2023, according to Freddie Mac’s latest data. Still, some experts have said they believe mortgage rates may come down if the Fed loosens up monetary policy.

Mortgage rates reversed course this week and began to climb as multiple cross currents continue to affect the supply of houses and demand for mortgages.