Browsing: Mortgage raTes

Mortgage rates went above 7 percent for the first time this year, according to new data released Friday by Freddie Mac.  The average 30-year fixed-rate mortgage increased to 7.1 percent this week, up from 6.88 percent the previous week.  “As rates trend higher, potential homebuyers are deciding whether to buy before rates rise even more or…

Due to rising mortgage rates and falling rents, it’s cheaper to rent than buy a starter home in every one of the country’s 50 largest metropolitan areas, according to new data from Realtor.com published Monday. February marked the seventh consecutive decline in rental prices for apartments and small homes, with rents falling by about 0.4 percent compared…

More than one-third of homes were purchased with cash in February as mortgage rates remain high, according to a new report from the real estate company Redfin. The rate of all-cash purchases — defined as home purchases where the deed does not include mortgage loan information — is within striking distance of the record high…