Mortgage rates hit highest level since 2014

New York /
Feb.February 23, 2018 02:36 PM

Mortgage rates have risen for seven consecutive weeks, pushing 30-year mortgages to their highest rate since April 2014, Freddie Mac’s Primary Mortgage Market Survey found. The rate for 30-year fixed-rate mortgages ended the week at 4.4 percent, which is up from 4.38 percent from the week before and 4.16 percent at the same time last year, HousingWire reported. “Mortgage rates have followed U.S. Treasury’s higher in anticipation of higher rates of inflation and further monetary tightening by the Federal Reserve,” said Len Kiefer, Freddie Mac deputy chief economist. [HousingWire]


Related Articles

arrow_forward_ios
A recent report by Harvard’s Joint Center for Housing Studies shows mom-and-pop landlords were hit harder than big firms by rental delinquencies. (iStock)
Mom-and-pop landlords, Black tenants hit harder by pandemic: report
Mom-and-pop landlords, Black tenants hit harder by pandemic: report
RSA president Joe Strasburg, President Joe Biden and NAA President Bob Pinnegar (Getty, NAA)
Biden to approve new, targeted eviction ban as landlords plead for rent relief
Biden to approve new, targeted eviction ban as landlords plead for rent relief
Seven states will lift their eviction bans next month, and the cases to follow will offer a glimpse of the onslaught to come. (iStock)
Landlords in peril, tenants in distress: Expiring eviction bans foreshadow national reckoning
Landlords in peril, tenants in distress: Expiring eviction bans foreshadow national reckoning
Fundrise Co-Founder Benjamin Miller. (LinkedIn via Miller, Vimeo via Fundrise)
Fundrise scores Goldman backing to expand single-family rental market
Fundrise scores Goldman backing to expand single-family rental market
NestEgg CEO Eachan Fletcher, whose company is rolling out an expanded property management service. (Getty, NestEgg)
NestEgg’s property management platform targets small landlords
NestEgg’s property management platform targets small landlords
Peloton CEO John Foley. (Getty)
Peloton plans $400M manufacturing facility in Ohio
Peloton plans $400M manufacturing facility in Ohio
Cape Cod and the Jersey Shore suffered among the sharpest inventory declines. (iStock)
Here’s where homes virtually sold out in the pandemic
Here’s where homes virtually sold out in the pandemic
President Joe Biden (Getty, Education Next)
Biden administration considers Opportunity Zone overhaul
Biden administration considers Opportunity Zone overhaul
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...