Home mortgage rates just hit 5% for the first time in more than a decade. That means the monthly cost of buying a typical home has surged by more than a third over the past year.
IRVINE, Calif. -- For the first time in more than a decade, 30-year home mortgage loan rates hit 5%.
"If we don't see an end to this inflationary period, we're gonna have it for a while. Inflation is a killer to interest rates. We're going to see higher rates. They're going to go into the fives. They're gonna possibly go as high as six, six-and-a-half, I expect in the sixes," Williamson said. This is a trend Williamson has seen for at least the last year- first-time home buyers eating inventory.
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30-year home mortgage rates hit 5% for the 1st time in over a decadeHome mortgage rates just hit 5% for the first time in more than a decade. That means the monthly cost of buying a typical home has surged by more than a third over the past year.
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30-year home mortgage rates hit 5% for the 1st time in over a decadeHome mortgage rates just hit 5% for the first time in more than a decade. That means the monthly cost of buying a typical home has surged by more than a third over the past year.
Lire la suite »
30-year home mortgage rates hit 5% for the 1st time in over a decadeHome mortgage rates just hit 5% for the first time in more than a decade. That means the monthly cost of buying a typical home has surged by more than a third over the past year.
Lire la suite »
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US long-term mortgage rates rise; 30-year loan reaches 5%Long-term U.S. mortgage rates continued to climb this week as the key 30-year loan rate reached 5% for the first time in more than a decade amid persistent high inflation.
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