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2. Mortgage Rates at Highest Level Since 2009, Consumer ... - AOL

   www.aol.com/finance/mortgage-rates-highest-level...

   Mortgage applications continued to decrease last week -- to their lowest level since 2018 -- while mortgage rates increased to the highest level since 2009, according to the Mortgage Bankers...

3. Mortgage rate history: 1970s to 2024 - AOL

   www.aol.com/finance/mortgage-rate-history-1970s...

   1970s mortgage rate trends. The average 30-year fixed-rate mortgage started the decade at about 7.5 percent in 1971 (the earliest year for which data is available), according to Freddie Mac.

4. Subprime mortgage crisis - Wikipedia

   en.wikipedia.org/wiki/Subprime_mortgage_crisis

   The Fed raised rates from the unusually low level of 1% in 2004 to a more typical 5.25% in 2006. By driving mortgage rates higher, the Fed "made monthly mortgage payments more expensive and therefore reduced the demand for housing."

5. Federal Reserve responses to the subprime crisis - Wikipedia

   en.wikipedia.org/wiki/Federal_Reserve_responses...

   In August 2007, Committee announced that "downside risks to growth have increased appreciably," a signal that interest rate cuts might be forthcoming. [4] Between 18 September 2007 and 30 April 2008, the target for the Federal funds rate was lowered from 5.25% to 2% and the discount rate was lowered from 5.75% to 2.25%, through six separate actions.

6. Timeline of the 2000s United States housing bubble - Wikipedia

   en.wikipedia.org/wiki/Timeline_of_the_2000s...

   1970 Federal Home Loan Mortgage Corporation (Freddie Mac) is chartered by an act of Congress, as a GSE, to buy mortgages on the secondary market, pool them, and sell them as mortgage-backed securities to investors on the open market. The average cost of a new home in 1970 is $26,600 [2] ($167,817 in 2017 dollars).

7. Mortgage and refinance rates for Dec. 31, 2024: Average rates ...

   www.aol.com/finance/mortgage-and-refinance-rates...

   Freddie Mac reports an average 6.85% for a 30-year fixed-rate mortgage, up 13 basis points from last week's average 6.72%, according to its weekly Prime Mortgage Market Survey of nationwide ...