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Mortgage rates today: 30-year fixed rate hits a three-week high as homebuyer demand weakens
Mortgage rates have edged higher, reaching their highest point in three weeks. This increase is adding pressure to the already sluggish U.S. housing market. Total mortgage application volume saw a slight decrease from the previous week. Refinancing applications dropped, and home purchase demand also weakened. Affordability pressures continue to weigh on both buyers and sellers.
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cnbc.com
Mortgage rates hit highest level in 3 weeks, weakening demand further
Mortgage rates rose again last week causing demand for both refinances and purchase loans to drop. Rates climbed to their highest level in three weeks.
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qz.com
Mortgage applications drop as 30-year rate hits 3-week high
The 30-year fixed rate climbed to 6.78%, pushing refinance demand down 2% and purchase applications down 0.3%
