Mortgage News

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News for: Baton Rouge Business Report
Showing 1 - 6 of 6 results
Oct 8, 2026 12:39 PM — Mortgage Rates
Roundup: Energy forum / Hurricane Isaias / Mortgage rates still climbing
Baton Rouge Business Report
U.S. mortgage rates have increased for the seventh straight week, with the average 30-year fixed rate hitting 7.4%, the highest since November 2023. This rise is placing additional pressure on an already struggling housing market, as affordability reaches a critical low due to high home prices, mortgage rates, and other associated costs. As buyers look for cost-saving options, adjustable-rate mort... more
Oct 7, 2026 7:28 AM — Mortgage Rates
Roundup: Trade defies tariffs / Mortgage rates climb / Porsche scales back
Baton Rouge Business Report
Mortgage rates have surged to 7.49%, the highest level in nearly three years, leading to a 4.2% decrease in total mortgage application volume. Refinancing applications dropped by 8% weekly and a significant 56% annually, while purchase applications saw a 2% weekly decline and a 15% drop from the previous year. The rising rates are negatively impacting affordability, prompting more borrowers to con... more
Aug 27, 2026 12:00 AM — Mortgage Rates
Roundup: Ex-Build Baton Rouge CEO / $17.5B LNG project / Mortgage rates
Baton Rouge Business Report
The article reports that the average 30-year U.S. mortgage rate has risen to 6.66%, approaching its 2026 high of 6.69%. Similarly, the 15-year mortgage rate has increased to 5.98%. These higher borrowing costs are limiting homebuyers' purchasing power and contributing to a sluggish housing market. The rise in mortgage rates is attributed to increasing Treasury yields, inflation concerns, and worri... more
Apr 1, 2026 7:33 AM — Mortgage Rates
Roundup: US job openings / Mortgage rates / Gulf oil spill
Baton Rouge Business Report
U.S. job openings fell and hiring slowed in February, signaling weaker labor demand before the conflict in Iran. Mortgage rates continued to climb due to fears of inflation, leading to a 10.4% decrease in mortgage application volume. Environmental groups accused Mexico's government of lying about a massive oil spill off the coast of Veracruz state.
Feb 5, 2026 12:30 PM — Mortgage Rates
Roundup: Mortgage rates / Winter storm recovery / Pizza Hut
Baton Rouge Business Report
The average long-term U.S. mortgage rate remained steady around 6% this week, with the benchmark 30-year fixed rate mortgage increasing slightly to 6.11%. Meanwhile, FEMA is providing $11 million in federal aid to Mississippi, Tennessee, and Louisiana for winter storm recovery, and Pizza Hut plans to close 250 underperforming U.S. restaurants.
Jul 18, 2025 9:00 AM — Mortgage Rates
US mortgage rates are once again on the rise
Baton Rouge Business Report
The average rate on a 30-year U.S. mortgage increased for the second consecutive week, posing challenges for the U.S. housing market, which is currently experiencing a sales slump due to affordability issues.
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