Episode Details

Mortgage rates surge, impacting homebuyers and refinancers. Freddie Mac reports a sixteen basis point increase to 6.38% for thirty-year fixed rates. Fifteen-year rates approach 6% at around 5.75%. Zillow shows similar figures. Adjustable rates and VA loans offer some relief. Higher rates mean bigger payments, but fixed rates provide predictability. Economists predict rates to hold around 6% through 2026, with potential dips by 2027. Shoppers advised to compare lenders and run payment scenarios.

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