Demand for riskier adjustable-rate mortgages hits highest level of the
year, due to rising rates
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Average US Mortgage Rate Climbs Above 7% To Highest Level Since Late November
Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate […]
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Average long-term US mortgage rate climbs for fourth straight week to highest level since November
Home loan rates have been mostly drifting higher after a string of reports this year showing inflation
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Average long-term US mortgage rate climbs for fourth straight week to highest level since November
By ALEX VEIGA (AP Business Writer) LOS ANGELES (AP) — The average long-term U.S. mortgage rate climbed this week to its highest level since late November, another setback for home shoppers in what’s traditionally the housing market’s busiest time of the year. The average rate on a 30-year mortgage rose to 7.17% from 7.1% last […]