Posted on 07/12/2023 8:49:00 AM PDT by ChicagoConservative27
Mortgage rates reached their highest level last week since a previous recent peak in November as incoming economic data sends more “mixed signals,” according to a report released by the Mortgage Bankers Association (MBA) on Wednesday.
The average rate for the benchmark 30-year fixed rate mortgage hit 7.07 last week, up from 6.85 percent the week before, MBA’s data showed.
“Incoming economic data continue to send mixed signals about the economy, with the overall impact leaving Treasury yields higher last week as markets expect that the Federal Reserve will need to hold rates higher for longer to slow inflation,” MBA vice president and deputy chief economist Joel Kan said in a statement.
(Excerpt) Read more at thehill.com ...
The Upscale Neighborhood HOA Bank is now accepting deposits and making loans from and to its resident property owning members.
Stop that. You’re giving clowns a bad name.
Interest rates are basically at historical norms especially with inflation kicking in, the era of zero interest rates is hopefully over
Biden is a complete disaster
One real estate podcaster in las Vegas said 7.9% assuming 700 credit score. One of his clients paid 8.25
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.