✉news BusinessPersonal Finance first seen 10 h ago, last 3 h ago, peak #22
Mortgage rates settle above 7% as the new normal
Original: Mortgage rates find a new normal above 7%
Mortgage rates in the United States have climbed above 7% and are settling at that level rather than dipping back down, according to a report on the housing market. The shift means homebuyers and owners considering refinancing are facing borrowing costs well above the lows of recent years, prompting debate over affordability and what rate levels buyers should now expect long term.
Why now: Homebuyers and homeowners are concerned about affordability as borrowing costs stay elevated.
Rank over time, top of the chart is #1. 6 snapshots from 10 h ago to 3 h ago.
Evidence
- Mortgage rates find a new normal above 7% · keysnews.com
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