Economic conditions continue to keep the costs of a home loan higher, with the war in Iran, inflationary concerns and a slow but stabilizing job market serving as the key headwinds to a potential spring housing market surge.
Mortgage rates moved higher for a second straight week, according to HousingWire’s Mortgage Rates Center. Rates for 30-year conforming loans stood at 6.49% on Tuesday, up 5 basis points from one week ago and 10 bps higher than two weeks ago.
Meanwhile, rates for 30-year loans through the Federal Housing Administration (FHA) increased 3 bps to 6.19% and rates for details ⇒
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