_30-year-fixed-mortgage-rates-reach-highest-level-since-november-at-7-5.jpg "30-Year Fixed Mortgage Rates Reach Highest Level Since November at 7.5% from vacation in november 2020 Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:41
👁 View: 670K times
✓ Published: 20-Apr-2024
👁 View: 670K times
✓ Published: 20-Apr-2024
Description:
The average rate on the 30-year fixed mortgage is currently around 7.5%, the highest level since mid-November and up from around 6% in February. Higher rates caused home sales to stall last year but rebounded before rising rates halted the surge. Affordability is weakening as rates increase while housing supply remains very low, fueling competition. Despite higher rates, mortgage applications to purchase homes rose 5% last week compared to the prior week. Economists expect rates to remain elevated given inflation and Fed policy, dampening sales going forward.
The average rate on the 30-year fixed mortgage is currently around 7.5%, the highest level since mid-November and up from around 6% in February. Higher rates caused home sales to stall last year but rebounded before rising rates halted the surge. Affordability is weakening as rates increase while housing supply remains very low, fueling competition. Despite higher rates, mortgage applications to purchase homes rose 5% last week compared to the prior week. Economists expect rates to remain elevated given inflation and Fed policy, dampening sales going forward.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_blink-twice-124-official-trailer-channing-tatum-naomi-ackie-christian-slater-ao-nees.webp "Check out the trailer for Blink Twice, an upcoming suspense horror drama movie starring Naomi Ackie, Channing Tatum, Christian Slater, Simon Rex, Adria Arjona, Kyle MacLachlan, Haley Joel Osment, with Geena Davis and Alia Shawkat.<br/><br/>When tech billionaire Slater King (Channing Tatum) meets cocktail waitress Frida (Naomi Ackie) at his fundraising gala, sparks fly. He invites her to join him and his friends on a dream vacation on his private island. It’s paradise. Wild nights blend into sun soaked days and everyone's having a great time. No one wants this trip to end, but as strange things start to happen, Frida begins to question her reality. There is something wrong with this place. She’ll have to uncover the truth if she wants to make it out of this party alive.<br/><br/>Blink Twice is produced by Bruce Cohen, p.g.a., Tiffany Persons, p.g.a., Garret Levitz, p.g.a., Zoë Kravitz, and Channing Tatum. Stacy Perskie, Jordan Harkins, and Vania Schlogel serve as executive producers. It is written by Zoë Kravitz & E.T. Feigenbaum. <br/><br/>Blink Twice, directed by Zoë Kravitz, opens in theaters on August 23, 2024.")
⏲ 2:47 👁 100K
_undiscovered-affordable-vacation-destinations.webp "Hordes of tourists swarming the world’s most popular destinations can make travel unpleasant.")
_how-llcs-and-partnerships-can-help-keep-property39s-in-the-family.webp "Passing a farm, vacation home or other property down for generation after generation has its challenges. LLCs and partnerships can help.")
_blink-twice-trailer-1-2024-kyle-maclachlan-adria-arjona-thriller-movie-hd.webp "Frida is a young waitress in Los Angeles who has her eye on tech entrepreneur Slater King. On a dream vacation to his private island, strange things start to happen. Frida will have to uncover the truth if she wants to make it out alive.")
_you39re-not-alone-saga-live.webp "Saga - Spin It Again! (Live In Munich)<br/>At Muffathalle, Munich, Germany <br/>November 17, 2012 / 20/20 Tour<br/><br/>Spin It Again! - Live in Munich, captures the final night of the 2012 successful sold-out tour by the Canadian band in Germany. <br/>Saga’s historical singer Michael Sadler surprised everybody joining the band back just a few days before the recording took place.")
_lulli-2021-english-movie.webp "Lulli 2021 English Movie<br/>After getting electrocuted by an MRI machine, an ambitious young medical student, begins to hear the thoughts of others,<br/>Director,<br/>César Rodrigues,<br/>Writers,<br/>Marcelo Andrade, Renato Fagundes, Thalita Rebouças,<br/>Stars,<br/>Larissa Manoela, Vinícius Redd, Amanda de Godoi,")
_olivia-munn-battled-postpartum-anxiety-for-almost-a-year-after-son39s-birth.webp "“Postpartum is really difficult,” Munn tells PEOPLE in this week's cover story. After welcoming her son Malcolm, now 2, with comedian John Mulaney in November 2021, “I was not prepared for the kind of postpartum that I had. I had heard about postpartum depression. I had never heard about postpartum anxiety.”")
_travellin39-light-by-cliff-richard-amp-hank-marvin-live-tv-performance-1994-lyrics.webp "November 11, 1994 Pebble Mill TV Show<br/><br/><br/>I got no bags and bags to slow me down<br/>Well, I'm travelling so fast my feet ain't touching the ground<br/>Travelling light<br/>Travelling light<br/>Well, I just can't wait to be with my baby tonight<br/>No comb and no tooth brush<br/>I got nothing to haul<br/>I'm carrying only<br/>A pocketful of dreams a heart full of love<br/>And they weigh nothing at all<br/>Soon, I'm gonna see that love look in her eyes<br/>I'm a hoot and a holler away from paradise<br/>Travelling light<br/>Travelling light<br/>Well, I just can't wait to be with my baby tonight<br/>No comb and no tooth brush<br/>I got nothing to haul<br/>I'm carrying only<br/>A pocketful of dreams a heart full of love<br/>And they weigh nothing at all<br/>Soon, I'm gonna see that love look in her eyes<br/>I'm a hoot and a holler away from paradise<br/>Travelling light<br/>Well, I just can't wait to be with my baby tonight<br/><br/>Songwriters: Sid Tepper / Roy C Bennett")
_blink-twice-124-official-trailer-channing-tatum-naomi-ackie-christian-slater-ao-nees.jpg)
_undiscovered-affordable-vacation-destinations.jpg)
_how-llcs-and-partnerships-can-help-keep-property39s-in-the-family.jpg)
_blink-twice-trailer-1-2024-kyle-maclachlan-adria-arjona-thriller-movie-hd.jpg)
_you39re-not-alone-saga-live.jpg)
_lulli-2021-english-movie.jpg)
_olivia-munn-battled-postpartum-anxiety-for-almost-a-year-after-son39s-birth.jpg)
_travellin39-light-by-cliff-richard-amp-hank-marvin-live-tv-performance-1994-lyrics.jpg)
![[+]](/images/menu.gif){kind=small}