Karl Mondon/Getty Images A variety of important mortgage rates saw growth Friday. While 15-year fixed mortgage rates were the same, interest rates on 30-year fixed mortgages inched up. We also saw a rise in the average rate of 5/1 adjustable-rate mortgages. Although mortgage rates are always changing, they are quite low right now. For those
Tag: June
Jim Lane/Getty A variety of significant mortgage rates inched upward today. The average interest rates for both 15-year fixed and 30-year fixed mortgages both saw increases. We also saw an upward trend in the average rate of 5/1 adjustable-rate mortgages. Although mortgage rates are always moving, they are quite low right now. For those looking
Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. After a dramatic month of rate movement and economic news, home
June 2022 Manufacturing Business Outlook Survey Note: Survey responses were collected from June 6 to June 13. Manufacturing activity in the region weakened, according to the firms responding to the June Manufacturing Business Outlook Survey. The indicators for current activity and new orders turned negative, and the shipments index also declined but remained positive. However,
The numbers: Inflation in the U.S. rose sharply again in June and the increase over the past year remained at a 13-year high, raising the cost of living for consumers and casting a shadow over a strong economic recovery. The so-called PCE price index rose a sharp 0.5% in June, government figures show. It was
New-home purchase application volume dropped every month in the second quarter, while building costs and low inventory drove loan amounts to an all-time high. June applications fell 3% from May and 23.8% year-over-year, according to the Mortgage Bankers Association’s Builder Application Survey. June’s seasonally adjusted annual estimate of 704,000 sales declined 5% from May’s 741,000