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Surging mortgage rates hit 23-year high

(NEW YORK) -- The 30-year fixed mortgage rate this week climbed to 8%, reaching that level for the first time since 2000, according to Mortgage News Daily.The milestone arrives after months of rate increases. As recently as last April, the 30-year fixed mortgage rate stood ...
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Mortgage rates surge to 21-year high

(NEW YORK) -- Mortgage rates have climbed to their highest levels in 21 years, according to data released by Freddie Mac on Thursday.The 30-year fixed-rate mortgage averaged 7.09% over the week ending on Thursday, marking a significant increase from 6.96% the week prior, the ...
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Mortgage, mortgage, mortgage! ‘The Brady Bunch’ house can now be yours

While most people wouldn't recognize the address 11222 Dilling St., Studio City, CA, most everybody would know the house: it was the main location of The Brady Bunch.It seems after loving it, HGTV has decided to — to quote one of its hits — ...
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Why having good credit could cost you more on a home mortgage

(NEW YORK) -- If you're looking to buy a home, new federal rules may impact how much you pay for a mortgage.Beginning May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted because of changes in the Loan ...
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High interest rates hammer consumers seeking mortgage or car loans

(NEW YORK) -- The banking crisis that erupted earlier this month elicited some predictions of a halt in interest rate hikes, since previous borrowing cost increases garnered blame for the financial distress.Instead, the Federal Reserve on Wednesday imposed another hike, extending a yearlong blitz of ...
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Homebuyers need more than falling mortgage rates to jump back into the market

(NEW YORK) -- A recent decline in mortgage rates has convinced some homebuyers to come off the sidelines. But other factors may keep buyers out of the market.Mortgage applications are up 28% from early November, and the number of people contacting real-estate agents to ...
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Mortgage rates increase slowing down real estate market in U.S.

Mortgage rates have hit 7%, which is slowing down the real estate market all over the country. Rick Walker has this report. 
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Mortgage rates soar as Federal Reserve raises rates

(NEW YORK) -- This week, mortgage rates in the United States reached a 16-year high in response to rising interest rates.Back in September, President Joe Biden told a reporter that the "pandemic is over." While doctors and infectious disease specialists debated whether this was ...
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How rapidly rising mortgage rates are squeezing prospective homebuyers

(NEW YORK) -- For Emily and Michael Brown, the Federal Reserve’s rate hikes hit close to home.The Browns had been renting a two-bedroom apartment in Washington, D.C., when their now-6-month-old daughter was born. Eager to upgrade to a bigger space, the couple wanted to ...
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Here’s how much Adele is reportedly paying for her mansion’s mortgage

If you thought you were paying a lot for your mortgage, just wait until you hear how much Adele is paying!According to documents obtained by The New York Post, the singer took out a $37.7 million mortgage for the Beverly ...