The 30-year fixed-rate mortgage averaged 6.12% in the week ending February 9, up from 6.09% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 3.69%. After climbing for most of 2022, mortgage rates have been trending downward since November, as various economic indicators continue to show inflation may have peaked.
“Mortgage rates are likely to continue moving up and down in a narrow range for the next few weeks,” said Ratiu. Borrowers are adjusting to higher mortgage rates The higher cost to finance a home caused sales to drop significantly throughout 2022. But in recent months, as rates came down from their 2022 peak over 7% last reached in mid-November, more buyers have been active.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed Chair Powell: Inflation fight will take 'a significant period of time' | CNN BusinessThe US labor market remains 'extraordinarily strong' and Friday's monster jobs report underscored that the central bank has more work to do to bring down inflation, Federal Reserve Chairman Jerome Powell said Tuesday. How about people don’t spend more than they can afford. That’s not everyone else’s problem to bail out people that can’t be responsible Of course they'll raise it. They'll milk it a bit first. They want to run in and save us.
Source: CNN - 🏆 4. / 95 Read more »
Pete Davidson got people to eat breakfast at Taco Bell | CNN BusinessBreakfast at Taco Bell has been saved -- and the chain has Pete Davidson to thank. That breakfast Crunchwrap is super fire tho can’t lie. But no I didn’t not go because of Pete Davidson. It was actually because of PFTCommenter and his glowing review on PardonMyTake or MacrodosingPod buttholeeyes You should hire this loser to replace the Don Limon Loser
Source: CNN - 🏆 4. / 95 Read more »
Nigeria delays plans to replace its banknotes after chaotic scenes at ATMs | CNN BusinessNigeria was forced Wednesday to delay plans to replace its banknotes with a redesigned currency after chaotic scenes at ATMs as millions of people struggled to get their hands on the new cash. Wahala wahala wahala ⛽ 💰. Vote Peter Obi and Datti Then the inability to stand on their plan or deadline will pave a way for vote buying and other electoral bribery.. I'm disappointed at them. elonmusk TikTokTurkey People trapped under the rubble due to the earthquake were contacting Twitter and TikTok for help. Twitter and tik tok were closed because of you. They closed it because you didn't pay your fine. People are dying because of your laziness.TurkeyEarthquake
Source: cnni - 🏆 326. / 59 Read more »
British postal service unveils first stamps featuring King Charles III | CNN BusinessThe first stamps featuring King Charles III were unveiled on Wednesday by the Royal Mail, the British postal service. الدين المسيحي واليهودي اديان شيطانية تشجع على القتل وذلك لانها تعادي الاسلام الذي هو دين الاسلام واي دين ضد الاسلام هو دين شيطاني
Source: cnni - 🏆 326. / 59 Read more »
How Bed Bath & Beyond ended up on the verge of bankruptcy | CNN BusinessBed Bath & Beyond is fighting to stay in business. Here’s how America’s quintessential home furnishings chain veered to the edge of bankruptcy and where it turns next.
Source: CNN - 🏆 4. / 95 Read more »