US mortgage rates rise for the first time in 6 weeks, jumping above 3% - Business Insider

"In the short-term, this means the demand will continue on the back of near record low mortgage rates."

Still, there are potential risks ahead for the housing rebound as new coronavirus cases spike in the US, forcing some states to pause or roll back reopening plans. "The most recent consumer spending data has been pointing to slow growth since mid-June," said Khater. "The concern is that the pause in economic activity will cause unemployment to remain elevated which will lead to longer-term labor market distress."Something is loading.

Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.Something is loading.By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our

The rates are still extremely low! Get in the market and start building equity with little money down.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

See the pitch deck a first-time CEO used to raise during the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »