Mortgage rates zoom higher

Mortgage rates zoom higher Mortgage rates rose this week, as the Federal Reserve prepares to whip up a little inflation. The benchmark 30-year fixed-rate mortgage rose 9 basis points this week, to 4.51 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in […]

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Homebuyers scramble as mortgage rates rise

Homebuyers scramble as mortgage rates rise Higher payments could price many would-be buyers out of the market The era of record-low mortgage rates is over. The average rate on a 30-year loan has jumped from about 5 percent to more than 5.3 percent in just the past week. As mortgages get more expensive, more would-be […]

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