The average rate on 30-year fixed mortgage rose to 6.9% this week.
potential homebuyerDuring the four-week period ending July 30, the monthly mortgage payment for the typical U.S. homebuyer sat at $2,605, 19% higher than the same period a year earlier, according to Redfin. It's also down $32 from the all-time high in early July, according to the data.
The average rate on the 30-year fixed mortgage rose to 6.9% this week, up from a week ago when it averaged 6.81%, according to mortgage buyer Freddie Mac. A year ago at this time, the benchmark home loan averaged 4.99% and currently remains almost double what it was two years ago.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Viki Is a Hub for Must-Watch Korean Dramas—These 20 Are UnmissableIn-the-know K-content fans know that Viki boasts some of the best in the game.
Read more »
Holes’ Stanley & Zero Embrace 20 Years Later In Cast Reunion Video (& Everyone Is SO Grown Up)Holes stars Shia LaBeouf, Khleo Thomas, and more reunite and embrace at a cast reunion for the 20-year anniversary of the film's release.
Read more »
DJ Khaled has dropped over 20 pounds since taking up golf“I may eat more than I’m supposed to, but I have been working on that a lot more lately,” says Khaled. “I was 290 about two months ago I am 267 today.”
Read more »
20 Top Male-Female Country DuetsFrom 1960s classics to 21st Century hits, we look at some of the top male-female country collaborations of all time.
Read more »
Oil prices are up 20% and energy stocks are rebounding | CNN BusinessEnergy stocks are making a comeback after being left for dead earlier this year | Analysis
Read more »
Hamptons teens toss 20-pound striped bass off roof of fancy eatery onto dinersA source told us a giant striped bass was tossed from the roof at the packed-to-the-gills hot spot, allegedly “sending glasses and plates flying.”
Read more »