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Uncategorized • March 27, 2023
Orinda March Sales Snapshot
by Joanne Fishman
Uncategorized Mortgage Rates Rise As Budget Drama Continues Home buyers faced higher mortgage rates this week as all eyes remain on negotiations in Washington over the nation’s debt ceiling. Economists warn of dire economic consequences if America goes into default on its debt, and that would almost definitely impact borrowing costs. The 30-year fixed-rate mortgage rose to an average of 6.57% this week, […]
Uncategorized Mortgage Rates Reverse Course After weeks of declines, the interest rate for a 30-year mortgage reversed course, jumping to a 6.39% average this week, Freddie Mac reports. “For the first time in over a month, mortgage rates moved up due to shifting market expectations,” says Sam Khater, Freddie Mac’s chief economist. “Home prices have stabilized somewhat, but with supply […]