US Mortgage Rates Soar Past 7% for First Time in Two Decades

(Bloomberg) — Mortgage rates in the US crossed 7% for the first time in more than two decades. Most Read from BloombergNew Covid Boosters Aren’t Better Than Old Ones, Study FindsMusk Tells Twitter Staff He Doesn’t Plan to Cut 75% Of JobsUS Warns South African Economic Hub May Be Terror TargetAdidas Cuts Ties With Ye, Absorbing €250 Million Profit HitThe average for a 30-year, fixed loan rose to 7.08% from 6.94% last week, Freddie Mac said in a statement Thursday. That’s the first time the measu
— Read on ca.finance.yahoo.com/news/us-mortgage-rates-soar-past-140000890.html

Mortgage refinance applications spike 79% as interest rates sink

Another major drop in mortgage rates caused a massive jump in borrowers applying to refinance their home loans. The surge sent total mortgage application volume up 55.4% last week, according to the Mortgage Bankers Association.
— Read on www.cnbc.com/2020/03/11/mortgage-refinance-applications-spike-79percent-as-interest-rates-sink.html