The average long-term U.S. mortgage rate climbed this week to its highest level since late November, another setback for home ...

But the lack of home buying coincided with a significant drop in mortgage interest rates. In mid-October ... buyers continued ...

Rates on 30-year loans saw a slight dip, adding to two previous days' drops to lower the average almost a tenth of a point.

Today's Mortgage Rates & Trends - Nov. 8, 2023 Mortgage rates were largely flat or just slightly up Tuesday ... New Purchase Refinancing rates moved mostly in line with their new purchase siblings ...

Rates have been mostly drifting ... expect that mortgage rates will ease moderately later this year, though most forecasts call for the average rate on a 30-year home loan to remain above 6%.

Khater added, "It’s clear that while the trend in inflation data has been close to flat for nearly a year ... and economists expect mortgage rates to remain elevated through the rest of the ...

Amid elevated mortgage rates, Veterans Affairs-related refinancing helped spark an increase in home loan applications.

While the 10-year Treasury yield, one of the benchmarks used to price mortgage loans, was virtually flat compared with its closing price ... Fannie Mae updated its economic forecast and now expects ...

and current homeowners have little to no incentive to refinance at today's high rates. Total mortgage application volume last week was essentially flat, dropping 0.6% from the previous week ...

House prices will stay static in 2024, according to Zoopla - as buyers take advantage of the flat market to get ... half of 2024 thanks to higher mortgage rates and reduced buying power.

Borrowing costs on a 15-year fixed-rate mortgage, popular with homeowners refinancing their home loans, also rose this week ...