The 30-year fixed-rate mortgage averaged 6.32% in the week ending February 16, up from 6.12% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 3.92%. After climbing for most of 2022, mortgage rates had been trending downward since November, as various economic indicators indicated inflation may have peaked.
“While the Fed signaled that it will continue to raise rates this year, the moves are expected to come in 25 basis point increments, a less aggressive tightening than what we saw in 2022,” said Ratiu. “The central bank is acknowledging that it sees its monetary actions having a tangible effect on inflation. The CPI data out this week seems to confirm the bank’s views.
Don Lemon is a sexist bigot!!!! donlemon If I was him I would demand he be canceled. What a hypocrite! btw NikkiHaley will make a great President! . via slate
I’m old enough to remember when rates were double digits and people still bought cars trucks and homes 🏡. So the sky is not falling
hmm but but we passed the inflation reduction act....
Because the people on the top 1% aren’t happy until they are in the top .1% gotta squeeze the bottom a little more.
Thanks Joe Biden.
'...move *back into'