Tag: mortgage

BUSINESS

Mortgage Rates Maintain Downward Trend In U.S.

Mortgage rates have maintained a steady decline in the US.  According to press reports, the fixed rate moved from 6.48 percent to 6.33 percent. However, the market remains hypersensitive as the demand for purchase is high.  New data revealed today that prices were moderate throughout December, which is favorable for people looking for lower and more stable mortgage rates. The […]

BUSINESS

U.S. Mortgage Rates Running At 16-Year High

Mortgages in the U.S. are seeing their highest interest rates in 16 years. The increase follows the U.S. Federal Reserve’s aggressive interest rate hikes instituted to curb inflation sufficiently. Data from the U.S. Mortgage Bankers Association showed that mortgage rates have more than doubled since the start of the year. The average contract rate on 30-year fixed-rate mortgages rose by […]