With its double-digit price increases and intense fear of missing out, this housing boom feels a bit like the last bubble. But it's different in some important ways -- homes are in short supply, and lending standards remain far tighter than they were from 2003 to 2007.
— Jeff Ostrowski
Jeff Ostrowski writes about the U.S. housing market for Bankrate. He has appeared on CNBC and numerous radio and television outlets to discuss his reporting about real estate trends.
As the COVID-19 pandemic roiled the U.S. economy, Jeff created Bankrate's Housing Hardship Index to track which states were being hit the hardest by the crisis. As the economic slowdown transitioned into a housing boom, Jeff created Bankrate's Housing Heat Index to show which states are experiencing the most robust real estate economies.
Jeff has closely covered two nationwide housing booms and one devastating bust. Before joining Bankrate, he wrote about real estate, business and the economy for the Palm Beach Post and the South Florida Business Journal. Jeff serves on the board of the nonprofit National Association of Real Estate Editors. He twice has won gold awards in the group’s journalism contest. His Bankrate coverage of housing affordability was honored in the most recent Best in Business awards from the Society for Advancing Business Editing and Writing.
With its double-digit price increases and intense fear of missing out, this housing boom feels a bit like the last bubble. But it's different in some important ways -- homes are in short supply, and lending standards remain far tighter than they were from 2003 to 2007.
— Jeff Ostrowski
The average 30-year fixed-refinance rate is 6.83 percent, up 41 basis points since the same time last week. The average rate for a 15-year fixed refi is 6.01 percent, up 35 basis points since the same [...]
Mortgage rates continue within reach of historic lows: the average rate you’ll pay for a 30-year fixed mortgage is 6.82, the average rate for the benchmark 15-year fixed mortgage is 5.97 percent, and [...]
The average 30-year fixed-refinance rate is 6.75 percent, up 43 basis points over the last week. The average for a 15-year refi is currently running at 5.95 percent, up 32 basis points since the same time [...]
Mortgage interest rates persist close to record lows: the average rate for a 30-year fixed mortgage is 6.72, the average rate for the benchmark 15-year fixed mortgage is 5.86 percent, and the average rate [...]
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Now is a favorable time to take out a mortgage or refinance your current loan: the average rate for the benchmark 30-year fixed mortgage is 6.55, the average rate for a 15-year fixed mortgage is 5.73 percent, [...]
Chairman Jerome Powell’s thoughts on the housing market in the most recent Fed meeting.
The average 30-year fixed-refinance rate is 6.42 percent, up 23 basis points over the last week. The 15-year fixed refi average rate is now 5.66 percent, up 12 basis points over the last seven days. The [...]
Now is a great time to take out a mortgage: the average 30-year fixed-mortgage rate is 6.43, the average rate for the benchmark 15-year fixed mortgage is 5.66 percent, and the average 5/1 ARM rate is 4.84 [...]
Rising mortgage rates could slow the housing boom — but they’re just one factor.
The average 30-year fixed-refinance rate is 6.36 percent, up 13 basis points over the last week. The average rate for a 15-year fixed refi is 5.69 percent, up 15 basis points from a week ago. The average [...]
Now is a favorable time to take out a mortgage or refinance your current loan: the average rate for a 30-year fixed mortgage is 6.38, the average rate for the benchmark 15-year fixed mortgage is 5.69 percent, [...]
It is currently a favorable time to take out a mortgage or refinance your current loan: the average rate you’ll pay for a 30-year fixed mortgage is 6.33, the average rate for a 15-year fixed mortgage [...]
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A closely watched real estate report is out this week.
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The average 30-year fixed-refinance rate is 6.19 percent, up 10 basis points since the same time last week. The 15-year fixed refi average rate is now 5.54 percent, up 19 basis points since the same time [...]
