Mortgage and real estate news: 8% rates on the horizon

Written by

Andrew Dehan,

Edited by

Published on October 07, 2023 | 1 min read

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Mortgage news this week

Mortgage rates tracked toward 8 percent this week, and the majority of Bankrate’s panel of rate watchers say they’ll only continue to increase. Also in the news: the nation’s largest mortgage lender has upped its conforming loan limits early, we cover whether now is a good time to sell and more.

Mortgage rates at 23-year high

At an average of 7.8 percent, 30-year fixed mortgage rates are now the highest they’ve been since November 2000. Our analysis delves into what’s contributing to these levels and where in the country rates are highest.

83% of experts say rates headed higher

The vast majority of rate watchers in our weekly poll predict rates will trend higher in the next week. See their expert takes.

Rocket Mortgage preemptively raises loan limits

Ahead of the Federal Housing Finance Agency’s announcement of new loan limits in November, Rocket Mortgage has raised its jumbo limit early. Here’s what this increase means for homebuyers.

Should you sell your home now?

A lot of factors go into deciding when to list your home. If you’re on the fence, consider these tips on timing your sale.

The downsides of tapping home equity

Your home equity can be a valuable tool, but cashing out isn’t without risks. Learn how to avoid them in this guide.