Mortgage Rates Hold Steady as Demand and Prices Rise
TL;DR Summary
Averages on fixed-rate mortgage products remained steady for a second day, with 30-, 20-, 15-, and 10-year loans showing minimal changes. The jumbo fixed-rate averages dropped slightly. Adjustable-rate mortgage averages were down. The recent surge in mortgage rates has led to a 20-year high, but rates have mostly remained in the lower 7% range.
Topics:business#adjustable-rate-mortgage#finance#fixed-rate-mortgage#interest-rates#mortgage-rates#refinancing
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