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Kate Wood

Rising Mortgage Rates May Squelch Spring Homebuying Season

Rising Mortgage Rates May Squelch Spring Homebuying Season

This has been a rough week on numerous levels, and mortgage rates are no exception. The average rates starting with a five that we saw in February — somehow only four weeks ago — now feel like a fever dream. The average rate on a 30-year fixed-rate mortgage rose to

March Mortgage Outlook: Lower Rates Ahead

We're seeing interest rates on 30-year, fixed rate mortgages start with fives for the first time in three-and-a-half years, and rates' downward trajectory is likely to continue in March. I'm not anticipating any major moves — just a continuation of what we

5% Mortgage Rates Are Here. Will They Last?

5% Mortgage Rates Are Here. Will They Last?

Mortgage rates continue to be at the lowest level we've seen in a few years. It's welcome news for homeowners looking to refinance, since they can react quickly to rate shifts. But will these numbers stick around long enough to help prospective home buyers who remain

Weekly Mortgage Rates Lower as Inflation Appears to Slow

Weekly Mortgage Rates Lower as Inflation Appears to Slow

It's been a minute since we've seen mortgage lenders quoting rates that begin with a five, but that's where we are now. How long it will last is another story (one you'll have to keep reading to hear). The average rate on