Economy

mahatmakanejeeves

(60,969 posts) Fri Jan 7, 2022, 06:10 AM Jan 2022

Mortgage Rates Hit Highest Levels Since Spring 2020

Last edited Fri Jan 7, 2022, 07:39 AM - Edit history (1)

The costs of buying a home are rising as mortgage rates climb to their highest levels since the early days of the pandemic

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Mortgage Rates Hit Highest Levels Since Spring 2020
The increase is driving up the costs associated with home buying at a time when home-sales prices are already near record highs.

MARKETS

Mortgage Rates Hit Highest Levels Since Spring 2020

Increase in cost comes after ultralow rates have fueled boom in home sales and prices

By Nicole Friedman, Orla McCaffrey and Sam Goldfarb
https://twitter.com/nicolefriedman
nicole.friedman@wsj.com
https://twitter.com/Orla_McCaffrey
orla.mccaffrey@wsj.com
sam.goldfarb@wsj.com
Updated Jan. 6, 2022 7:28 pm ET

U.S. mortgage rates this week rose to their highest levels since May 2020, driving up the costs associated with home buying at a time when home-sales prices are already near record highs.

The average rate for a 30-year fixed-rate loan was 3.22%, up from 3.11% last week, according to mortgage finance giant Freddie Mac. A year ago, mortgage rates stood at 2.65%.

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Mortgage Rates Hit Highest Levels Since Spring 2020 (Original Post) mahatmakanejeeves Jan 2022 OP

Pandering to rethug fears JT45242 Jan 2022 #1

JT45242

(2,903 posts)

1. Pandering to rethug fears

Reply to mahatmakanejeeves (Original post)

Fri Jan 7, 2022, 08:45 AM

Jan 2022

3.11 is still near historic low levels. http://www.freddiemac.com/pmms/pmms30.html

Bought first house when rates were around 7 percent for a fixed rate. So to complain that rates have risen to just above historical lows is just trying to bash a democrat, par for the course for WSJ.

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