Are 4 percent mortgage rates the new norm?
For the sixth consecutive week, mortgage rates inched higher, continuing to climb from all-time lows, Freddie Mac reports in its weekly mortgage market survey. The 30-year fixed-rate mortgage—the most popular among home buyers—has now climbed a half percentage point since last month.
A strengthening economy and positive employment report this month prompted fixed-rate mortgages to climb higher this week, says Frank Nothaft, Freddie Mac’s chief economist.
850K Borrowers Rise Out of Negative Equity in Q1, 'The negative equity burden continues to recede across the country thanks largely to rising home prices,'
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