Interest rates have risen dramatically in recent months. At the start of December, the average national mortgage rate, for example, was above 7% after being just above 3% in January.
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Tag Archives: mortgage rates
Lehigh Valley residential real estate market continues to soften
The Greater Lehigh Valley Realtors said its August data showed a steady housing market in the Lehigh Valley as housing affordability hits 33-year low and existing-home sales continue to soften.
Read More »Lehigh Valley home prices climb as affordability drops
With housing inventory in the Lehigh Valley still tight, the median sales price in April rose nearly 14% from a year ago, matching the record high set in March.
Read More »US average mortgage rates mostly lower; 30-year at 2.93%
Mortgage rates were mostly lower this week as the economy continued to show signs of recovery from the pandemic recession and recent bursts of inflation were deemed temporary by federal policymakers.
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