mortgage loans

Billionaire Real Estate Investor Sam Zell Says: ‘Don’t Take Too Much Comfort In Declining Mortgage Costs. The Fed Will Keep Hiking Rates Close To 6%.’

The founder and chairman of privately held Equity Group Investments said in a recent Fox Business interview that there’s little comfort to be had in the recent softening mortgage rates because the Federal Reserve is likely to continue with its string of rate hikes to catch up in taming inflation. CLICK ON THE HEADLINE FOR MORE

Mortgage Rates Climb To 15-Year High

The average 30-year fixed mortgage rate reached 6.7 percent, according to Freddie Mac’s weekly survey of lenders. The figure marks the sixth straight week the average increased and the highest average rate since July 2007. CLICK ON THE HEADLINE FOR MORE