Mortgage rates and home prices keep rising, but so far Americans are still house hunting in force - BitcoinEthereumNews.com
KabuhayanMortgage rates and home prices keep rising, but so far Americans are still house hunting in force05 / 15 / 2022Balita ng Ethereum ng BitcoinMortgage rates and home prices keep rising, but so far Americans are still house hunting in force The average interest rate on a 30-year mortgage rose slightly again this week, hitting a 13-year high and making homebuying even more costly during the real estate markets busiest season. Recent rate increases are being driven by persistent inflation and federal policies to tighten the supply of money by raising interest rates. “With regulators focused on stemming inflation, were not likely to see a significant drop in mortgage rates in the near future,” says Joel Berner, senior economic research analyst for Realtor.com. Even so, mortgage rates are still low in an absolute sense. The 30-year mortgage rate hit a high of 18.63% in 1981 and has only been below 5% since about 2010 — up until recently, of course. Kunin ang pinakabagong balita sa personal na pananalapi na ipinadala diretso sa iyong inbox gamit ang MoneyWise newsletter. 30-taong fixed-rate mortgage The average rate on a 30-year fixed mortgage rose to 5.3%, up from 5.27% a week ago, housing finance giant Iniulat ni Freddie Mac noong Huwebes.