Mortgage markets worsened last week, taking mortgage rates higher. The Federal Open Market Committee meets this week.
Home purchasing power is up 6.6% since the start of the year.
Mortgage markets improved slightly last week. With a dearth of new U.S. economic data due for release, investors turned their collective attention to the Europe, China, and the Middle East. U.S. mortgage rates fell slightly in the holiday-shortened week.
For the first time in 9 weeks, mortgage rates have made new lows.
Mortgage rates rose slightly in last week's holiday-shortened week.
After 4 weeks of increases, mortgage rates finally recede nationwide.
Mortgage rates rose for the third straight week this week. Could this be the end of rock-bottom mortgage rates?
This week, for the first time since mid-June, the 30-year fixed rate mortgage rate climbed on a week-over-week basis, moving 6 basis points to 3.55%, on average.
30-year fixed rate mortgage rates have now dropped through 5 consecutive weeks, and in 11 of the last 12 weeks.
Analysts made bold calls at the start of the year about the housing and mortgage markets. How good were their predictions?