Mortgage Rates Today, Oct. 23
Mortgage Rates Today, Oct. 23: Median Rate Rises to 6.88%
As of Oct. 23, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year fixed-rate mortgage is 6.88%, which is 0.13 percentage points higher than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 6.00%, which is 0.12 percentage points higher than yesterday.
Rising mortgage rates give property owners new headaches
Real estate owners of all kinds breathed a sigh of relief when the Federal Reserve cut interest rates last month. But the exuberance may be short-lived, because since then mortgage rates have actually perked up a bit, according to data from the Federal Reserve Bank of St. Louis. What’s going on?
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