Mortgage Rates Continue to Rise | November 7, 2024

Niecie Draper
Published on November 7, 2024

Mortgage Rates Continue to Rise | November 7, 2024

๐Ÿ“ˆ๐Ÿก Mortgage Rates Continue to Rise | November 7, 2024

Mortgage rates continued to inch up this week, reaching 6.79 percent. It is clear purchase demand is very sensitive to mortgage rates in the current market environment. As soon as rates began to rise in early October, purchase applications fell and over the last month have declined 10 percent.
โ˜Ž#callniecie to find out how the increase in rates can affect your home search

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