Rising Mortgage Rates Put Home Buyers in Hot Seat

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Rising Mortgage Rates Put Home Buyers in Hot Seat Here are three housing and mortgage trends to watch for as summer 2018 slides into fall: Home sales will slacken in the third quarter, creating an opening for assertive home buyers. After rising.

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Mortgage rates have jumped to their highest in a year – hovering at close to 4 percent for a 30-year fixed mortgage. With house values rising, those who have waited to buy or to build enough.

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As the Federal Reserve manages the bond market through short-term interest rates, volatility in economic data and trade policy could indirectly repeat extended periods of both lower and rising.

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The average interest rate on a 30-year fixed-rate mortgage has surged past 4.28% this week to its highest point in years, according to CNBC.That’s bad news for home buyers, because even a small rate increase can be enough to push an already difficult-to-afford house completely out of reach.

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Rising Mortgage Rates Put Home Buyers in Hot Seat With mortgage rates at their highest level in a year, it may be time to buy, re-fi, or live with the consequences. brooks bunbury, Associate with Sunstream Realty updated their cover photo.

Taking a seat: On Wednesday. slowing market: southern California home sales tumbled 7.5% in October from a year earlier, as buyers are being increasingly tapped out by a combination of rising.

Rising mortgage rates are on my mind as a potential home buyer. When we first started looking for a home last year, rates were below 4%. Since then, they’ve risen to an average of 4.25% as of last week and have continued to rise this week. This doesn’t mean that rates will continue to rise.

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Rising mortgage rates have reached their highest level since December 2016, a fact that 34 percent of home buyers find concerning or very concerning, according to a new survey from realtor.com.

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