Real Estate

Mortgage rates tumble to 6.61%

The 30-year fixed rate mortgage declined to 6.61%, the most since 1981, after nearly 10 weeks of increases.

Mortgage refinancing dries up

A decline in mortgage rates couldn't boost the refinancing area of the mortgage market. Meanwhile, demand for mortgage applications increased 2.7% from the prior week.

Mortgage rates climb back above 7%

Mortgage rates have seen record high's over the last 10 weeks, climbing to and the hovering around 7%. This week they climbed up to 7.08% doubling last year.