Published 3 months ago

Mortgage rates hit 2-month high after week of sticky inflation data

Mortgage rates surged to their highest level in two months, reaching 7.14%, after reports showed persistent inflation.
Sales of newly built homes rose 8% in December due to lower rates, driving buyer traffic to model homes.
Despite high prices and low supply, strong demand is expected to continue if mortgage rates decline this year.

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The Star Kuala Lumpur

Gold rises on hotter than expected U.S. inflation data

CHICAGO, Feb. 16 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday as U.S. inflation data is hotter than expected. Read full story

3 months ago·Malaysia

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CNBC

Mortgage rates shoot to 2-month high after new report shows inflation is still hot

The average rate on the 30-year fixed mortgage jumped to 7.14%, according to Mortgage News Daily. That is the highest level in two months.

3 months ago·United States

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The Hill

Mortgage rates hit 2-month high after week of sticky inflation data

Mortgage rates jumped to a 2-month high following the release of new government data this week that showed producer and consumer prices surpassed expectations in January, further dimming prospects of Federal Reserve interest rate cuts in the near future. The average 30-year fixed mortgage rate hit 7.14 percent on Friday, according to Mortgage News Daily.…

3 months ago·Washington, United States

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The Epoch Times

Mortgage Rates Soar to 10-Week High on Hotter-Than-Expected Inflation

Mortgage rates have jumped as inflation data came in higher than expected this week, suggesting inflationary pressures persist.

3 months ago·New York, United States

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Fox Business

Mortgage interest rates jumped up this week, along with prices: Freddie Mac

Prospective homebuyers will need to wait a little longer for interest rates below 6%. The average mortgage interest rate for 30-year, fixed-rate mortgages rose to 6.77% this week, Freddie Mac reported.Last week’s average was 6.64%, and a year ago, 30-year mortgages averaged even lower at 6.32%.The average interest rate for 15-year mortgages also rose this week to 6.12%. This is up from last week when rates were finally below 6% at 5.90%. This we…

3 months ago·United States

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