Mortgage rates have spiked during the Federal Reserve’s historic inflation-curbing campaign - and while a good deal of progress has been made since June 2022, when inflation hit 9.1%, Fed officials say there is still a ways to go. The survey includes only borrowers who put 20% down and have excellent credit.
The average mortgage rate is based on mortgage applications that Freddie Mac receives from thousands of lenders across the country.
US home prices rose in July to record-high levels Photographer: Elijah Nouvelage/Bloomberg via Getty Images Elijah Nouvelage/Bloomberg/Getty Images Home prices in the US climbed for a fifth month as buyers competed for deals in the least affordable market in decades. A sign outside a home for sale in Atlanta, Georgia, US, on Wednesday, Sept.
