Finance Trade Twenty Three

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Finance Trade Twenty Three

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30-Year Mortgage Rates Increase to 6.67%

Rates on 30-year, fixed-rate mortgages averaged 6.67% this week, up from 6.62% last week and the highest since the week ended June 13, 2002, mortgage company Freddie Mac said. (full story)

On the Heels of Fed Chairman Bernanke's Comments on Rising Interest Rates, SMR Financial Introduces 'Mortgage Recession

As interest rates continue to climb in light of the Federal Reserve's 16th consecutive rate hike, the mortgage industry is headed for a "Mortgage Recession" unlike anything seen in previous periods. (full story)