In March the Federal Reserve approved a .25% interest rate hike, the first hike since 2018. As a result of actions by the Federal Reserve, mortgage rates are spiking. The average rate on a 30-year fixed-rate mortgage is 4.72%.
The increase in mortgage interest rates is causing some buyers to game plan for future home purchases.
“I have some, some pretty active buyers at the moment that are already anticipating, they’re trying to be more conservative about their budget,” San Diego Realtor Allan Uy said. As a result of the interest rate hikes, some economists are lowering their home sales forecasts for 2022. The Federal Reserve signaled that they will be raising the interest rate at each of the remaining meetings for the year.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Mortgage Refinance Demand Plunges 14%, as Interest Rates Spike HigherFast-rising mortgage rates are causing a drop in mortgage demand, especially refinances.
Weiterlesen »
How the Fed's rate hike could impact your next car purchaseLast week, the Federal Reserve raised its benchmark interest rate a quarter point with the goal of pulling on the reins of inflation
Weiterlesen »
Stock futures rise slightly as Wall Street tries to recover from Wednesday's lossesHigher inflation and greater interest rate hikes have investors uncertain about the economic outlook.
Weiterlesen »
Rate hikes, high prices leave first-time homebuyers ‘frustrated’Interest rate hikes and pricey properties present unprecedented challenges for first-time homebuyers.
Weiterlesen »
USD/MXN drops sharply as bears eye 20.1500 ahead Banxico’s meetingDespite a risk-off market mood in the financial markets, courtesy of Russia – Ukraine tensions and hawkish Federal Reserve expectations of rate hikes
Weiterlesen »
Fed's Evans sees six more 25 basis point rate hikes this yearChicago Fed President Charles Evans said Thursday he expects the equivalent of six more quarter percentage point rate hikes this year and three more in 2023.
Weiterlesen »