{"id":2003924,"date":"2023-08-17T15:52:02","date_gmt":"2023-08-17T19:52:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-mortgage-rate-climbs-to-7-16-could-hit-8-mark-not-seen-since-2000\/"},"modified":"2023-08-17T15:56:14","modified_gmt":"2023-08-17T19:56:14","slug":"us-mortgage-rate-climbs-to-7-16-could-hit-8-mark-not-seen-since-2000","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-mortgage-rate-climbs-to-7-16-could-hit-8-mark-not-seen-since-2000\/","title":{"rendered":"US mortgage rates surge to 7.16%, may reach 8%, highest since 2000."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fus-mortgage-rate-climbs-to-7-16-could-hit-8-mark-not-seen-since-2000%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2003924&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">(Photo by Joe Raedle\/Getty Images)<\/figcaption><\/figure>\n<p>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/james-meyers\">James Meyers<\/a><br \/>12:22 PM \u2013 Thursday, August \u200c17, 2023<\/p>\n<p>The U.S. mortgage rate rose to the highest mark in over 20 years.\u00a0 According to Mortgage Bankers Association, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mortgage-rates-hit-highest-level-in-over-a-decade\/\" title=\"Mortgage Rates Hit Highest Level In Over A Decade\">30-year mortgage rate<\/a> rose to 7.16% last\u200b week, which matches the highest\u2063 since 2001.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/c3.oann.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Mortgage rates\u2063 are at their \u200dhighest \u2063since 2001 \u2014 putting homeownership out of reach for so many Americans.<\/p>\n<p>Yesterday,\u2064 Biden \u200dsaid &#8220;Bidenomics \u2063is just another way of saying &#8216;restoring the\u2062 American Dream'&#8221; <a href=\"https:\/\/t.co\/BA3k6qpDSB\">pic.twitter.com\/BA3k6qpDSB<\/a><\/p>\n<p>\u2014 RNC Research (@RNCResearch) <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1692197214691397792?ref_src=twsrc%5Etfw\">August 17, 2023<\/a><\/p><\/blockquote>\n<p><script type=\"text\/plain\" data-service=\"twitter\" data-category=\"marketing\" async data-cmplz-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>The data also showed that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-mortgage-rate-climbs-to-7-16-could-hit-8-mark-not-seen-since-2000\/\" title=\"US mortgage rates surge to 7.16%, may reach 8%, highest since 2000.\">home-purchase applications\u2064 fell<\/a> for the fifth straight \u200bweek, and is at \u200dthe second lowest\u200c level since 1995. <\/p>\n<p>Experts\u2064 predict mortgage \u2064rates will go above 8%, which has not happened since 2000,\u200b according to data gathered by Freddie Mac financial company.<\/p>\n<p>The 30-year mortgage rate\u2063 is\u2064 at an \u2062important stage,\u200b Lawrence Yun,\u200c chief economist at the Association of Realtors told the \u200bDailyMail. <\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cIf the 30-year-fixed mortgage rate can hold at a\u2062 high mark of \u200d7.2 percent and the 10-year yield\u200d holds at \u20624.2 \u200bpercent then this would be high for mortgage rates before retreating,\u201d she said.<\/p>\n<\/blockquote>\n<p>Cristian deRitis, Deputy Chief\u2064 Economist said mortgage rates have not been seen at this level since the\u200d Great Recession.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cHistorically the mortgage-rate spread has only been around this\u200d level only during\u200b periods of financial crisis such\u200b as the Great Recession or the \u200dearly 1980s\u2062 recession.\u201d<\/p>\n<\/blockquote>\n<p>Additionally, data compiled showed the\u200d number of homeowners\u200c properties in the month\u2064 of June was 20% \u2063lower than a year ago. <\/p>\n<p>The\u2063 Federal Reserve have raised their funds a staggering 10 times in the last 15 months to combat\u2063 rising inflation. <\/p>\n<p>Stay informed! Receive breaking news blasts directly\u2063 to your inbox for free. Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Former White House Chief of Staff Mark Meadows\u00a0filed Tuesday to move the case brought against him by Fulton \u2063County District Attorney \u2062Fani Willis to federal court. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The Biden Administration may be having a difficult time trying to juggle the President\u2019s latest errors. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>\u201cDaddy\u201d\u200d Biden \u200band John Podesta tout the Inflation Reduction Act while Glenn Beck gets cancelled.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>President Biden is scheduled to visit\u2062 Maui on Monday. This comes as the death toll has \u2064tragically risen to at least 106.Hawaii State Representative,<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By\u2064 Zeba Siddiqui SAN FRANCISCO (Reuters) \u2013 Google-owned\u2062 U.S. cybersecurity firm Mandiant said\u2064 on\u2062 Thursday it had seen increasing use of \u200dartificial\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By \u2063Josh Ye HONG KONG (Reuters) -China\u2019s Lenovo Group on Thursday posted a worse-than-expected 24% fall in revenue for the April-June quarter,\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Josh \u2063Ye HONG KONG (Reuters) -China\u2019s Lenovo Group on Thursday posted a worse-than-expected 24% \u2062fall in revenue for the April-June \u2064quarter,\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Kanishka Singh WASHINGTON (Reuters) \u200d\u2013 New York City on Wednesday banned TikTok on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-passes-bill-to-bar-tiktok-from-government-devices\/\" title=\"Senate Passes Bill to Bar TikTok From Government Devices\">government-owned devices<\/a>, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/navalnys-doctors-arrested-outside-russian-prison\/\" title=\"Navalny\u2019s doctors arrested outside Russian prison\">citing security concerns<\/a>, joining \u2063a number\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. mortgage rate reached its highest point in over 20 years, hitting 7.16% last week, according to the Mortgage Bankers Association. This matches the highest rate seen since 2001. Mortgage rates are currently at their highest level since 2001.<\/p>\n","protected":false},"author":2301,"featured_media":2003925,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2003924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2003924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2301"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2003924"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2003924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2003925"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2003924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2003924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2003924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}