This is the fourth week in a row that mortgage rates have moved up in double-digit increments.The average rate on a 30-year fixed-rate mortgage rose 15 points to 7.41% APR in the week ending Oct. 8, according to rates provided to NerdWallet by Zillow. (A basis point is one one-hundredth of a percentage point.) We...
While a typical home listing might tout spacious bedrooms and proximity to schools, the marketing for homes within 55+ communities appeals to prospective residents from a different angle. You’ll see images of friends lounging glamorously by the pool and playing tennis, with enticing words like “resort-style amenities” and “low-maintenance living.”In addition to attractive lifestyle comforts,...
Mortgage rates have been climbing for five straight weeks. Compared to the start of the year, the weekly average rate is more than a full percentage point higher.The average rate on a 30-year fixed-rate mortgage jumped 14 basis points to 7.26% APR in the week ending Oct. 1, according to rates provided to NerdWallet by...
Indulge me for a moment in memories of 2007. It was a time when gaucho pants were inexplicably cool, Apple was about to release a brand new iPhone and, yes, the yield on the 10-year Treasury note topped 5%. It feels like forever ago, except wait — those things are all true now, too.Mortgage interest...
Mortgage rates remain stuck above 7% as markets brace for more inflation-fighting rate hikes from the Federal Reserve. Meanwhile, a bond-market sell-off this week added fuel to the fire.The average rate on a 30-year fixed-rate mortgage rose 10 basis points to 7.12% APR in the week ending Sept. 24, according to rates provided to NerdWallet...
