The 30-year fixed rate mortgage loan saw a slight increase this week. Rates rose from 6.78% last week to 6.81% this week. Analysts expect rates to remain elevated in the coming weeks and months ahead.
This week’s slight increase demonstrates an increase in market activity, with a sense of renewed optimism among consumers and investors alike. This can lead to increased rates for consumers over the short to mid-term. Homeowners looking to refinance their mortgages may want to consider locking in their rates sooner than later.
Main Points:
• The 30-year fixed rate mortgage increased from 6.78% to 6.81% this week
• Rates are expected to remain elevated in the coming weeks and months ahead
• Increased market activity from consumer and investor optimism is driving rates up
• Homeowners should consider locking in their rates sooner rather than later
You can read this full article at: https://www.housingwire.com/articles/mortgage-rates-inch-closer-to-7/(subscription required)
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