National association for the U.S. real estate finance industry
Two-year and five-year fixed-rate mortgages have climbed, marking the biggest daily increases in weeks. Lenders are re-pricing amid higher funding costs and geopolitical tensions, with Moneyfactsdata showing rates edging up in a volatile market.
Mortgage rates have edged up again, with the 30-year fixed rate near 6.60% as lending activity strengthens after a lull. Refinancing remains soft while purchase applications show a modest uptick, reflecting ongoing sensitivity to inflation and oil-market tensions.
Mortgage rates have edged higher in recent weeks as oil prices ease and inflation concerns linger. Lenders report steadier but uncertain demand for both home purchases and refinancing, with expectations for rate movements remaining volatile amid geopolitical tensions.