✉news BusinessReal Estate first seen 18 h ago, last 28 min ago, peak #7
US 30-year mortgage rate hits 7.28%, highest in nearly 3 years
Original: Average long-term US mortgage rate churns upward to its highest level in nearly 3 years at 7.28%
The average rate on a 30-year US mortgage has climbed to 7.28%, its highest level in close to three years, according to widely reported figures from Freddie Mac. The increase adds hundreds of dollars to monthly payments for buyers and compounds affordability pressures in an already expensive housing market. Commenters and analysts are weighing what persistently elevated rates mean for home sales, refinancing and would-be buyers waiting for relief.
Why now: Rising borrowing costs directly affect housing affordability and household finances, a concern for millions of Americans.
Freddie MacUnited StatesUS housing market
Evidence
- Average long-term US mortgage rate churns upward to its highest level in nearly 3 years at 7.28% · ABC News - Breaking News, Latest News and Videos
- Average long-term US mortgage rate churns upward to its highest level in nearly 3 years at 7.28% · Northeast Mississippi Daily Journal
- Average long-term US mortgage rate churns upward to its highest level in nearly 3 years at 7.28% · ABC News - Breaking News, Latest News and Videos
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