• Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe
  • Privacy Choices
Credit Ideas & Credit Management
  • Home
  • Finance
  • Insurance
  • Loans
  • Mortgage
  • Shares
No Result
View All Result
  • Home
  • Finance
  • Insurance
  • Loans
  • Mortgage
  • Shares
No Result
View All Result
New Credit Ideas
No Result
View All Result

U.S. mortgage interest rates top 6% for first time since 2008

admin by admin
September 14, 2022
Home Mortgage

A surge in mortgage rates to 6% is giving home shoppers chills, pushing them to wait to refinance or buy a home.

With rates doubling from where they were a year ago, demand from buyers continues to weaken, as reflected in the Market Composite Index, a measure of mortgage application volume.

The index is now at its lowest level since December 1999, the Mortgage Bankers Association (MBA) said on Wednesday.

The market index fell 1.2% to 255 in the week ending September 9. A year ago, the index stood at 707.9.

The big picture: Rates hitting 6% is a significant milestone, albeit a negative one, for buyers. Mortgage rates are now at the highest level since November 2008.

Higher rates have pushed buyers to rethink refinancing and contributed to other prospective buyers’ staying on the sidelines, the MBA said.

Read More…

admin

admin

Next Post

Finance is (finally) embracing IT

Recommended.

Stocks making the biggest moves midday: General Electric, Warner Bros. Discovery, UPS, 3M and more

Stocks making the biggest moves midday: General Electric, Warner Bros. Discovery, UPS, 3M and more

7 Best Cryptocurrency Stocks to Buy

7 Best Cryptocurrency Stocks to Buy

Trending.

Why surge pricing is coming at restaurants, online retailers and more

Bruce Willis tightly embraces daughter in loving photo while battling dementia

Meritrust Credit Union to merge with Colorado credit union

Survey: 43% of Americans have at least one unused gift card

A massive Frank Lloyd Wright house is up for sale: See inside the Westhope mansion

New Credit Ideas

Subscribe Us =>


By clicking submit, I authorize New Credit Ideas and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Terms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe
  • Privacy Choices

© Copyright 2025 - New Credit Ideas All Rights Reserved.

No Result
View All Result
  • Home
  • Finance
  • Insurance
  • Loans
  • Mortgage
  • Shares

© Copyright 2025 - New Credit Ideas All Rights Reserved.

Skip to content
Open toolbar Accessibility Tools

Accessibility Tools

  • Increase TextIncrease Text
  • Decrease TextDecrease Text
  • GrayscaleGrayscale
  • High ContrastHigh Contrast
  • Negative ContrastNegative Contrast
  • Light BackgroundLight Background
  • Links UnderlineLinks Underline
  • Readable FontReadable Font
  • Reset Reset