Mortgage

Economy

Mortgage rates rise, hitting demand

Mortgage rates rose this week with the average 30-year fixed-rate note climbing to 6.72%, dinging demand as overall mortgage applications decreased due to a drop in refinances.

Economy

Mortgage demand jumps as rates drop

A drop in mortgage rates for the first time in two months has sparked a surge in home purchase applications, breathing new life into the stagnant housing market.

Economy

Mortgage rates inch higher

Mortgage rates climbed slightly this week, with the average for both 30- and 15-year fixed-rate notes rising as the housing market remains largely stalled.