Housing Market

Rising Mortgage Rates: Homebuyers Are More Resilient Than You Might Think

Last week, the average 30-year fixed-rate mortgage rose to 4.16 percent, while the Federal Reserve raised the federal funds rate for the first time in a year, and only the second time this decade. How does this affect homebuyers? Redfin is on the record predicting that in 2017, rates won’t average above 4.3 percent for […]

The Fed Raised Rates, So What Will Happen With Mortgages?

Mortgage rates were up this week, averaging 4.16 percent for a 30-year, fixed-rate loan, up from 4.13 percent last week. Last year at this time, the rate was 3.97 percent, according to Freddie Mac. As recently as late October, the 30-year fixed was at 3.47 percent, so the current rate does mark a notable hike. […]
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