Rates on 15-year mortgages also surged for a third day Wednesday, rising another 15 basis points to 6.22%. That's now well above a recent four-month low of 5.60%.

During the last three years, mortgage rates have been on the rise. In early 2022, the average 30-year fixed rate was 4.72% and the 15-year fixed rate was 3.91%. Rates reached a recent peak in late ...

Rates on 15-year mortgages fell 3 basis points for a second day Wednesday, dropping below 6% to average 5.97%. That's 34 basis points cheaper than the April 11 average of 6.31%, the highest 15 ...

During the 2020 pandemic, for example, the Fed's purchases of mortgage-backed securities helped drive mortgage rates to historic lows. But when the Fed raises rates to combat inflation, which it ...

In 2019, for example, rates for a 30-year fixed-rate mortgage ranged from about 3.75% to 4.5%. And they dropped to as low as 2.65% in early 2021 as the pandemic wore on.

High mortgage rates are leaving many homebuyers waiting on the sidelines—but they're not killing the dream of homeownership for millennials. Millennials are the only generation with an increased ...

During the last three years, mortgage rates have been on the rise. In early 2022, the average 30-year fixed rate was 4.72% and the 15-year fixed rate was 3.91%. Rates reached a recent peak in late ...