Long-term U.S. mortgage rates jump significantly In addition to surging inflation, experts expect robust economic growth and the tight labor market to continue to push rates higher. | realestate.boston.com The post Long-term U.S. mortgage rates jump significantly appeared first on Boston.com Real Estate.
U.S. long-term mortgage rates jump SILVER SPRING, Md. (AP) — Average long-term U.S. mortgage rates jumped again this past week, reaching their highest level since March 2020. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year home loan rose to 3.45% this week from 3.22% last week. It was at
Foreclosure Starts Jump Nationwide According to ATTOM Data’s Q3 2021 U.S. Foreclosure Market Report, lenders started the foreclosure process on 25,209 U.S. properties in Q3, up 32% from Q2 and up 67% from a year ago. ATTOM says this is the first double digit quarterly percent increase since 2014. Overall, there were a total of
Housing Starts Jump 3.9% in August The U.S. government is reporting that privately‐owned housing starts in August were at a seasonally adjusted annual rate of 1,615,000, which is 3.9% higher than July’s revised number. In addition, this figure is 17.4% higher than one year ago. August’s rate for units in buildings with five units or