Featured Content Mortgage rates are on an upward trend, hitting highs not seen since July. This week marks the fourth rise in rates over the past five weeks, which has led to a flat mortgage application volume and a significant pullback in refinancing. According to the Mortgage Bankers Association, the average interest rate for 30-year […]
(Bloomberg) — Potential home buyers are getting discouraged by rising mortgage rates and home prices, according to a survey released on Monday by the New York Federal Reserve. U.S. consumers expect mortgage rates to increase substantially over the next several years, with households on average projecting rates of 6.7% a year from now and 8.2% […]