✉news BusinessReal Estate first seen 9 h ago, last 7 h ago, peak #24
US Mortgage Rate Climbs to 7.28%, Highest Since November 2023
Original: US Mortgage Rate Rises to 7.28%, Highest Since November 2023
The average US mortgage rate has risen to 7.28%, its highest level since November 2023, according to Bloomberg. The increase adds fresh pressure on American homebuyers already grappling with high borrowing costs and limited affordability, and is drawing attention from prospective buyers, lenders and housing market watchers assessing what it means for home sales and prices.
Why now: Rising borrowing costs directly affect housing affordability, so the new high is drawing wide attention.
United Statesmortgage marketBloomberg
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- US Mortgage Rate Rises to 7.28%, Highest Since November 2023 · Bloomberg.com
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