Rising home prices and mortgage rates pushed monthly payments up 15% last month, year over year.
Tagged: mortgage rates
Realtor.com's survey shows fewer prospective sellers feel locked in by their low interest rate.
The 30-year fixed-rate mortgage averaged 6.88% as of April 11.
Fannie Mae's HPSI saw its first decline since November 2023.
Freddie Mac reported that the average 30-year fixed-mortgage rate climbed 13 basis points from last week.
Freddie Mac's Chief Economist warns of persistent inflation pressure despite recent rate dip, suggesting prolonged elevated rates in the mortgage market.
Mortgage rates dip slightly, prompting increase in home loan applications.
The average 30-year fixed rate mortgage jumped to 6.94% last week.
Rising rates and housing unaffordability cast shadow over market's seasonal momentum.
Freddie Mac's Primary Mortgage Survey shows rates up to 6.77% last week.