✉news BusinessReal Estate first seen 1 d ago, last 7 h ago, peak #16
US Mortgage Rates Post Largest Weekly Jump in Four Years
Original: Mortgage Rates Surge, Notching Largest Weekly Gain in Four Years
Mortgage rates climbed sharply this week, registering their largest weekly increase in four years, according to the Wall Street Journal. The surge raises borrowing costs for homebuyers just as the housing market has been struggling with affordability, and is likely to renew concerns about demand for homes and refinancing activity.
Why now: A sudden spike in borrowing costs directly affects homebuyers, homeowners and the broader housing market.
Wall Street JournalUS housing marketmortgage lenders
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