rates

Mortgage rates are rising again, driving more buyers out of the housing market

Mortgage rates are rising again, driving more buyers out of the housing market

The 30-year fixed-rate mortgage averaged 5.81% in the week ending June 23, up from 5.78% the week before, according to Freddie Mac. This time last year, rates averaged 3.02%, and the last time rates were this high was in the winter of 2008. “Fixed mortgage rates have increased by more than two full percentage points …

Mortgage rates are rising again, driving more buyers out of the housing market Read More »

Oil is down nearly 3% as investors look to raise US Fed rates

Oil is down nearly 3% as investors look to raise US Fed rates

A poster with crude oil written on the side of a storage tank in the Permian Basin in Menton, Loving County, Texas, US on November 22, 2019. Photo taken on November 22, 2019. REUTERS/Angus Mordant/ Register now to get free unlimited access to Reuters.com Register Powell says the Fed is ‘strongly committed’ to lowering inflation …

Oil is down nearly 3% as investors look to raise US Fed rates Read More »