General World News

Mortgage rates surge to highest level since 2000

Mortgage rates climbed again this week as investors braced themselves for ‘higher-for-longer’ conditions following last week’s Fed meeting. Additionally, the yield on 10-year treasuries shot up to 4.6% on September 27 from 4.3% a week prior. Just before noon on Thursday, they were

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.31% as of Sept. 28, up 12 basis point from last week’s 7.19%. By contrast, the 30-year fixed-rate details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com