Homebuyers hoping for relief have another date to watch: Wednesday, October 14. With mortgage rates already averaging 7.40%, the next inflation report could influence whether financing becomes more expensive or offers buyers some breathing room. Freddie Mac’s October 8 survey put the average thirty year fixed mortgage rate at 7.40%, up from 7.28% a week earlier. That is a national benchmark, not a guaranteed quote. Individual offers depend on credit, down payment, loan characteristics and lender pricing. The Bureau of…
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Mortgages Just Hit 7.40%. Wednesday’s Inflation Report Could Make Buying a Home Even Harder.
Homebuyers hoping for relief have another date to watch: Wednesday, October 14. With mortgage rates already averaging 7.40%, the next inflation report could influence whether financing becomes more expensive or offers buyers some breathing room.
