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Top News In Current Mortgage Rates Today - Breaking & Trending Today

CHART OF THE DAY: Housing market affordability plunges to lowest level since 1985

"Home prices have not moderated much despite high borrowing costs because housing inventory is so low," LPL said. ....

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Dave Ramsey: Why You Shouldn't Wait for Mortgage Rates To Go Down To Buy a House

If you're thinking about purchasing a home but you're not really happy about the current mortgage rates, you're not alone. According to Freddie Mac, home sales have slowed due to the 30-year fixed. ....

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Why Homeowners Can't Move — How Low Borrowing Costs Could Hurt You

One of the biggest problems in today's housing market is the inventory shortage, with demand far outstripping supply. Factoring into this problem is the fact that many homeowners don't want to give up. ....

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The Magic Mortgage Rate Number to Tip the Housing Market

A new survey from Zillow found the “mortgage rate tipping point” at which homeowners are likely to sell their homes. Hint: It's above 5%. A new survey from Zillow found the “mortgage rate tipping point” at which homeowners are likely to sell their homes. According to the survey, homeowners with a mortgage rate above 5% are almost twice as likely to say they plan on selling their home in the next three years than those paying a rate below 5%. As the Fed continues to raise the federal funds rate i ....

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Mortgage Rates and Payments Keep Rising, Creating Market Misery

Current mortgage rates and payments continue to rise resulting in buyer demand stalling and housing sentiment at low levels. As the Fed continues to raise the Federal Funds rate in an attempt to combat inflation, consumers are facing higher commercial interest rates, especially mortgage rates. On July 26, the current average interest rate for a 30-year fixed mortgage was 7.20%, with refinancing average rates at 7.35%, reports Bankrate. However, we expect mortgage rates to continue rising and so ....

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