Mortgage Rates Just Jumped Again: ‘We’re Heading Toward 8%’
Getty ImagesWhile last week’s mortgage rates hit highs not seen in 23 years, the latest rates released on Thursday are worse.For the week ending Oct. 12, rates for 30-year fixed-rate loans averaged 7.57%, up from last week’s 7.49%, according to Freddie Mac.Some experts fear this upward trend could s
NAR Preview: Burnett Trial Starts Monday
A verdict in the Kansas City trial is expected Nov. 10. “NAR fundamentally disagrees with how (they’re) characterizing our rules,” says NAR’s top legal officer.
Long-Term Mortgage Rate Hits 7.57% this Week
It’s the highest average rate for a 30-year, fixed-rate loan in two decades – up from last week’s 7.49% as more buyers now turn to adjustable-rate loans.
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