Mortgage, contract interest rate
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The average long-term U.S. mortgage rate climbed this week to its highest level in more than three months, a setback for prospective home shoppers this spring homebuying season.
The rate on a 30-year fixed refinance is 6.34% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.36%. For 20-year mortgage refinances, the average rate is 6.08%. Related: Compare Current ...
Mortgage rates dropped again last week, sparking a small jump in refinancing, but potential buyers were not impressed.
The average long-term U.S. mortgage rate came off its lowest level in three and a half years this week, as bond yields marched higher following a spike in oil prices due to the war with Iran.