U.S. mortgage rates surge to 6-month high -MBA | Reuters

Oct 20, 2021 · The increase in rates helped drive overall mortgage-application volumes down by 6.3% to the lowest since July, led by a 7.1% drop in refinancing applications, the MBA said.

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U.S. Mortgage Rates Surge To 6-month High -MBA | Reuters

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Oct 20, 2021 · The increase in rates helped drive overall mortgage-application volumes down by 6.3% to the lowest since July, led by a 7.1% drop in refinancing applications, the MBA said.

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US Mortgage Rates Rise After Three Straight Weekly Declines

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Dec 19, 2024 · The average rate on the popular 30-year fixed-rate mortgage rose to 6.72% after falling to 6.60% last week, which was the lowest level since the week ending Oct. 24, …

reuters.com

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U.S. Mortgage Rates Surge To 6-month High -MBA - Yahoo Finance

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The increase in rates helped drive overall mortgage-application volumes down by 6.3% to the lowest since July, led by a 7.1% drop in refinancing applications, the MBA said.

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US Mortgage Refinancings Hit 6-month High On Rates Drop, MBA Says

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Mar 29, 2023 · The average contract rate for a 30-year, fixed-rate mortgage, the most popular home loan, fell to a six-week low of 6.45%, MBA said. "While the 30-year fixed rate remained …

yahoo.com

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Mortgage Rates Hit 6-month High, Loan Applications Dwindle

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5 days ago · Interest rates on home loans for U.S. borrowers kicked off 2025 riding the same upward trend that closed out last year, hitting 6.99% last week, the highest since July 2024 …

yahoo.com

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Average US Long-term Mortgage Rate Inches Up To 6.93% This …

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4 days ago · The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% …

apnews.com

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30-Year Mortgage Rate Climbs To 6.93%, The Highest Since July

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4 days ago · He expects mortgage rates to end 2025 around 6.5 percent. The housing market has been stuck for years, with mortgage rates rising rapidly in 2022 and 2023, peaking close to 8 …

nytimes.com

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Mortgage Rates Surpass 7%, Reaching Highest Level In Over A Month

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Apr 10, 2024 · The average rate for a 30-year mortgage backed by the Federal Housing Administration was 6.8%, up from 6.74% the previous week. The 15-year was up to 6.46% …

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US Mortgage Rates Hit 6-month Peak, Crushing Demand - MSN

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Data released by the Mortgage Bankers Association (MBA) on Thursday revealed that the contract rate for a 30-year mortgage climbed a substantial 8 basis points to 6.97% for the …

msn.com

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US 30-year Mortgage Rate Surges To 6.73%, Highest Since July

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Oct 30, 2024 · U.S. 10-year Treasury yields, which mortgage rates track closely, hit a nearly four-month high on Tuesday. Refinancing applications slumped last week, the MBA said, and now …

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Mortgage Rates Rise To 2-Month High Despite Interest Rate Cuts

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Oct 16, 2024 · The MBA’s 30-year mortgage rate peaked at a 23-year high of 7.9% last October, and sat above 7% as recently as July, indicating there has been some relief for borrowers. The …

forbes.com

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US Mortgage Rates Rise Again, With Recent Jump Most In Two Years

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Nov 6, 2024 · The contract rate on a 30-year mortgage increased 8 basis points to 6.81% in the week ended Nov. 1, the highest since July, according to Mortgage Bankers Association data …

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Mortgage Rates Inch Up To Nearly 7%—the Highest In 6 Months

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Jan 2, 2025 · Mortgage rates increased again, from 6.85% last week to 6.91% for the average 30-year fixed home loan for the week ending Jan. 2.

realtor.com

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Mortgage Rates Were Expected To Fall, But They’re Surging. There’s …

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3 days ago · Mortgage rates are now at or over 7% — a far cry from the pandemic era’s ultralow rates. Photo: Joe Raedle/Getty Images Most economists were expecting mortgage rates to fall …

marketwatch.com

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U.S. Mortgage Rates Surge To 6-month High -MBA - Yahoo Finance

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Oct 20, 2021 · The contract rate on a 30-year fixed rate mortgage climbed to 3.23% in the week ended Oct. 15 from 3.18% the week before, the Mortgage Bankers Association reported on …

yahoo.com

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US 30-year Fixed-rate Mortgage Rate Hovers Just Under 7%

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4 days ago · The average rate on the popular 30-year fixed-rate mortgage climbed to 6.93%, the highest level since early July, from 6.91% last week, mortgage finance agency Freddie Mac …

reuters.com

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Mortgage Rates In The US Rise For A Fourth Week, Approaching 7%

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4 days ago · US mortgage rates rose for a fourth straight week. The average for 30-year loans was 6.93%, up from 6.91% last week, Freddie Mac said in a statement Thursday. Have a …

bloomberg.com

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U.S. Mortgage Rates Surge To 6-month High -MBA

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Oct 20, 2021 · The increase in rates helped drive overall mortgage-application volumes down by 6.3% to the lowest since July, led by a 7.1% drop in refinancing applications, the MBA said. …

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U.S. Mortgage Applications Rise As Mortgage Rates Edge Down -MBA

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Aug 25, 2021 · The Mortgage Bankers Association (MBA) said on Wednesday its average contract interest rate for traditional 30-year mortgages declined to 3.03% from 3.06% in the …

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U.S. Mortgage Applications Increase On Refinancing Interest -MBA

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Jun 23, 2021 · The Mortgage Bankers Association (MBA) said on Wednesday its seasonally adjusted market index rose 2.1% in the week ending June 18 from a week earlier. ... The …

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FAQs about U.S. mortgage rates surge to 6-month high -MBA | Reuters Coupon?

How much has a 30-year mortgage rate risen since July?

The contract rate on a 30-year mortgage increased 8 basis points to 6.81% in the week ended Nov. 1, the highest since July, according to Mortgage Bankers Association data released Wednesday. In the last five weeks, the rate has risen 67 basis points, the most in two years. ...

Are US mortgage rates rising?

(Bloomberg) -- US mortgage rates continued to climb, putting a further damper on refinancing and homebuying activity. The contract rate on a 30-year mortgage increased 8 basis points to 6.81% in the week ended Nov. 1, the highest since July, according to Mortgage Bankers Association data released Wednesday. ...

Why did mortgage rates rise this week?

U.S. mortgage rates increased this week following three straight weekly declines and could rise further after the Federal Reserve projected fewer interest rate cuts in 2025, boosting the yield on the 10-year Treasury note. ...

Did mortgage-Treasury spreads come down in 2024?

Mortgage-Treasury spreads did come down a bit in 2024, but they still remain far above prepandemic levels. If the spreads went back to "normal" levels, mortgage rates might be below 6% instead of in the mid-6% range. Still, the spreads are only half of the equation. Mortgage rates can only come down if 10-year Treasury yields decline. ...

How did escalating mortgage rates affect the MBA?

According to Mortgage News Daily, which offers more frequent updates on home financing, the 30-year fixed rate had already reached 7.07% by Tuesday of that week. The impact of these escalating rates was immediately evident. The MBA’s index tracking home purchase applications plummeted by nearly 7%, reaching its lowest point since mid-November. ...

Why is the mortgage-Treasury spread so high?

Those who buy a home when rates are high plan to refinance when rates fall, shortening loan durations and causing lenders to price longer-term loans with shorter-term rates. Research from the Richmond Fed attributes this as one reason the mortgage-Treasury spread is high in times of economic stress. ...