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Mortgage Rates Jump as Bond Market Soars, Triggered by Prospect of Trump Tax Bill
Rates on 30-year mortgages have shot further above the 7% mark, following a rising bond market that reacted strongly Wednesday to the possibility of President Donald Trump's tax bill passing. The flagship average is now up to 7.11%, with rates rising for many other mortgage types as well.
Mortgage rates are inching back toward 7%, highlighting the ongoing strain on US home buyers. The average rate on a standard, 30-year fixed mortgage was 6.86% in the week ending May 22, the highest ...
The bond market is scheduled to close 3 hour earlier than normal today--a common practice surrounding federal holiday ...
Early forecasts called for a gradual decline in mortgage rates (potentially reaching 6% by the end of 2025), but concerns ...
Fannie and Freddie were once private companies. As the subprime bubble inflated in the early 2000s, they lowered their ...
Generally, it’s a great thing for the country not to go into a recession, but a strong economy is bad for mortgage rates.
Mortgage rates ultimately managed to hold steady on Tuesday despite some underlying market volatility. Rates change day to ...
If Australians could fix their mortgages “US style” for 30 years as some have suggested they should, we would be staring at ...
Mortgage rates are up this week. The reason? A weaker market for U.S. Treasury bonds due to concerns about spending in ...
Experts fear that the move, though it could help the government's budget woes, could disrupt the fragile U.S. mortgage market ...
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