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The current average interest rate for a 30-year fixed mortgage is 7.13% for purchase and 7.15% for refinance — up 11 basis points from 7.02% for purchase and from 7.04% for refinance last Wednesday.
The current average interest rate for a 30-year fixed mortgage is 7.21% for purchase and 7.22% for refinance, down 12 basis points from 7.33% for purchase and down 8 basis points from 7.30% for ...
Average mortgage rates on popular 30-year and 15-year terms pushed higher as of Thursday, May 30, 2024. The current average rate for a 30-year fixed mortgage is 7.17% for purchase and 7.18% for ...
Mortgage rates have jumped above 7% over the past two weeks, with average interest rates for purchase and refinance edging higher as of Tuesday, April 23, 2024. The current average interest rate ...
However, in the United States, the average interest rates for fixed-rate mortgages in the housing market started in the tens and twenties in the 1980s and have (as of 2004) reached about 6 per cent per annum. However, gross borrowing costs are substantially higher than the nominal interest rate and amounted for the last 30 years to 10.46 per cent.
In late 2023, Labour suggested persistently high interest rates were going to cause a surge in mortgage costs affecting 630,000 homeowners who would re-mortgage between then and the local elections in May. They described the situation as a "financial time-bomb" and implied this would influence the electorate in the elections.
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