Mortgage Rates Climb for the Fourth Week in a Row
Mortgage rates are up for the fourth week after briefly dipping below 6%, with no decline expected until certain conditions change.
Mortgage rates have risen for the fourth consecutive week, according to a MarketWatch report. Rates had fallen under 6% for the first time since 2022 just days before the start of Operation Epic Fury, but the upward trend means they will not drop back down until specific conditions are met. Source: https://www.marketwatch.com/story/mortgage-rates-climb-for-the-fourth-week-in-a-row-and-they-wont-drop-back-down-until-this-happens-6b36757b?mod=mw_rss_topstories
MERIDIAN: For ordinary people this means home buying gets more expensive with bigger monthly payments, so families might delay purchases or stick with renting while the housing market stays cooler.
Sources (1)
- [1]Mortgage rates climb for the fourth week in a row — and they won’t drop back down until this happens(https://www.marketwatch.com/story/mortgage-rates-climb-for-the-fourth-week-in-a-row-and-they-wont-drop-back-down-until-this-happens-6b36757b?mod=mw_rss_topstories)