Homeowners Face Higher Refi Rates
Digest more
The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.
For Gen Z, respondents indicated they’re only willing to go up to a 5.8% rate from their current average of 5.1%. Millennials (born between 1981 and 1996), who have an average rate of 4.9%, say they would extend to a max of 5.5%.
It's a bit of a stretch to refer to the past week as a "losing streak" for mortgage rates. The worst part about it was the consistency of upward movement starting last Wednesday. In terms of the
Updated each month, the dashboard is intended to help members monitor fluctuations in affordability and market activity.
Rising property taxes and insurance costs are driving up mortgage escrow payments, destabilizing what was once a fixed monthly cost. Florida, S
Bad news first: mortgage rates have been moving steadily higher in July with the average top tier 30yr fixed scenario rising from 6.67% to 6.81% in just 4 business days. This isn't an incredibly abrupt move,
US long-term mortgage rates experienced a slight increase this week, reversing a five-week trend of declining borrowing costs, with the 30-year fixed