FROM THIS EPISODE
With this two-week run up in rates dating back to late-April, rates for all loan types are clocking in at the highest interest rate levels in the last seven years. Seven years! Conforming thirty-year fixed rates, which now hover near 4.625 according to Freddie Mac’s most recent Primary Mortgage Market Survey, are now up five-eights of a percentage point since the start of the year, adding an extra forty dollars per month for every hundred thousand dollars in your mortgage. We’re not talking chump change here, friends.
Jump to the following:
(00:11) Freddie Mac Primary Mortgage Market Survey
(01:18) Today’s mortgage rates and trends
(01:55) Housing Starts data from the Census Bureau
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Growella : With Mortgage Rates At 7-Year High, Now’s No Time To Panic – Today’s Mortgage and Real Estate News