Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets. The average rate on the popular 30-year fixed mortgage rose 10 basis points to 6.28% Tuesday, according to Mortgage News Daily. That followed a 33 basis point jump Monday. The rate was 5.55% […]
Tag Archives: 30year
CNBC's Diana Olick reports on mortgage rates and housing data. source
Diana Olick reports the 30-year mortgage rate. source
The average rate on the popular 30-year fixed mortgage just crossed 5%, now standing at 5.02%, according to Mortgage News Daily. This is the first time it has crossed that threshold since 2011, save two days in 2018. It stood at 3.38% one year ago today. Mortgage rates, which follow loosely the yield on […]
CNBC's Diana Olick joins Shep Smith to report on rising mortgage rates and what they mean for Americans looking to buy a new home. source