Even as we see the average mortgage rates continue their trend higher, according to Freddie Mac’s weekly survey, data continues to show the strength of the housing market. Yes, there is still re-balancing happening in housing; and yes, of course rising rates are impacting affordability and buyers’ decisions. However, people are still buying homes, selling
Mortgage rate volatility is still a thing as we saw rates whipsaw higher last week. Average rates as reported by Freddie Mac’s weekly survey showed a .42 percent increase for the 30-year fixed and .30 percent rise for the 15-year, which is a greater than typical move in rates. The data coming in continues to
Volatility reigned in mortgage rates last week as signs point to slower economic growth due to inflation. According to Freddie Mac’s weekly survey of average rates, the 30-year fixed ticked higher by .21 percent. So far this week has been a bit quieter with the volatility staying in a narrow range. As for the housing
