Falling Interest Rates Raise Hopes for Increased Affordability in the Housing Market In a promising turn for prospective homebuyers in Houston, the average 30-year mortgage rate has descended below 7%, marking the seventh consecutive week of declines. This trend, reported by mortgage giant Freddie Mac on Thursday, signals a potential boost in affordability for those … Read more
Mortgage rate hikes at their highest level. This week, mortgage rate hikes to their highest level in 21 years, making it even more difficult for purchasers to finance homes in a market that is plagued by high prices and a lack of supply. Statistics show that due to mortgage rate hikes, the average 30-year fixed-rate … Read more
Inflation rate now at 3% but US Fed interest rate hike impact on mortgage rates pushes Americans to pay their mortgage not less than 6%. Inflation Decreases, Yet Mortgage Rates Remain Above 6% The recent Consumer Price Index data for June 2023 reports a significant drop in inflation, marking a shift from the alarming 9.1% … Read more