Housing Market Update: Mortgage Rates Rise at the Worst Time

Mortgage rates again jumped closer to 7 percent over the last week upon the arrival of spring, which is generally the time of year when the housing market begins to percolate.The 30-year fixed rate averaged 6.87 percent as of March 21, up from the previous week's 6.74 percent.'After decreasing for a couple of weeks, mortgage rates are once again on the upswing,' Sam Khater, Freddie Mac's chief economist, said in a statement.

'After three weeks of declines, mortgage rates jumped to almost 7 percent last week as recent economic data continues to put upward pressure on rates, thus slowing borrower demand,' Mortgage Bankers Association's President and CEO Bob Broeksmit said in a statement shared with Newsweek on Thursday. 'As a result, mortgage applications declined slightly over the week, with purchase and refinance activity both posting declines.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Housing Market Update: Mortgage Rates Keep Buyers at BayAn uptick in mortgage rates sparked a decline in home loans applications, lenders say.
Fuente: Newsweek - 🏆 468. / 52 Leer más »

Housing Market Update: Are Sellers Returning to the Market?Listings jumped in February to their highest levels in more than a year, according to Redfin on Friday.
Fuente: Newsweek - 🏆 468. / 52 Leer más »

Home Price Cuts Slow as Housing Market Takes a TurnHome builders appear to be feeling more confident about the housing market amid mortgage rate declines.
Fuente: Newsweek - 🏆 468. / 52 Leer más »

Housing Market Update as Rental Prices DropRent prices are leveling off as the number of available apartments grows across the country.
Fuente: Newsweek - 🏆 468. / 52 Leer más »