Mortgage Rates Are Now 1% Higher Than They Were a Year Ago

If you asked someone a year ago where mortgage rates would be today, my guess is they wouldn't say one full percentage point higher. Yet here we are, with the 30-year fixed now almost exactly 100 basis points (1.00%) higher than it was last September.

Mortgage Rates Are Now 1% Higher Than They Were a Year Ago

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If you asked someone a year ago where mortgage rates would be today, my guess is they wouldn't say one full percentage point higher.

Yet here we are, with the 30-year fixed now almost exactly 100 basis points (1.00%) higher than it was last September.

Today, prospective home buyers are facing a rate of about… Read More » Mortgage Rates Are Now 1% Higher Than They Were a Year Ago

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If you asked someone a year ago where mortgage rates would be today, my guess is they wouldn't say one full percentage point higher. Yet here we are, with the 30-year fixed now almost exactly 100 basis points (1.00%) higher than it was last September. Today, prospective home buyers are facing a rate of about… Read More » Mortgage Rates Are Now 1% Higher Than They Were a Year Ago

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