Mortgage, Interest Rate
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Renewed concerns over tariffs and the broader economy drove treasury yields higher last week, and mortgage rates followed. As a result, total mortgage application volume dropped 10% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
Mortgage interest rates are consistently declining again. Here are three things homebuyers should do in response.
The average rate on 30-year fixed home loans decreased to 6.67% for the week ending July 3, down from 6.77% last week.
For today’s segment, we here at 7News will look at Lawton’s housing market, with numbers courtesy of Parks Jones Realtors.
News Oklahoma's Cathy Tatom looks into what is keeping mortgage interest rates in the 6% to 7% range instead of falling back to the 3% range of just a few years ago.
Inflation has risen to 3.6% in June in what is being described as a 'hammer blow' for homeowners and borrowers.
High housing costs, soaring interest rates, and a shortage of available homes continue to challenge potential buyers across the country. With 30-year mortgage rates nearing 7%, many are left wondering about relief.
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