Similar Stories to How Rising Mortgage Rates Affect Home-buying Power on Bing News

Interest rates on home mortgages are rising rapidly across the United States, which seems to be slowing most housing markets. (Some, like the market here in Corvallis, have been less affected. Give it time.) The average mortgage rate for a 30-year loan was about 3.0% at the start of the year; today, it's at 6.245% — even for somebody with an excellent credit score over 800. Kim and I are fortunate that we bought our home in 2021 instead of waiting until 2022.

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BING NEWS:
  • Dave Ramsey shares surprising advice on homebuying and mortgage rates
    Ramsey highlights why buyers waiting for mortgage rates to drop should instead act now — if they’re ready financially. “Think of it this way: You date the interest rate but ...
    01/11/2025 - 4:37 am | View Link
  • Mortgage rates see fourth straight increase. What does this mean?
    The uptick in the cost of home loans reflects a rise in the bond yields that lenders use as a guide to price mortgages, specifically the yield on the US 10-year Treasury. The yield on the 10-year ...
    01/9/2025 - 9:29 am | View Link
  • Mortgage Rate News and Outlook for Week of Jan. 6-12, 2025
    Aside from typical day-to-day fluctuations, mortgage rates are expected to stay above 6.5% for the next few months. If inflation continues to cool and the Fed is able to carry out its projected two ...
    01/6/2025 - 9:45 am | View Link
  • Fannie Mae CEO reveals what’s really behind rising mortgage rates
    A common misconception is that Fed rate cuts automatically mean lower mortgage rates. The U.S. Federal ... get as smart as possible about the home-buying process so that when the opportunity ...
    12/5/2024 - 12:54 am | View Link
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