✉news BusinessReal Estate first seen 1 d ago, last 5 h ago, peak #2
US mortgage rate climbs to 7.28%, highest since 2023
Original: U.S. mortgage rate rises to 7.28%, highest since 2023
The average US mortgage rate has risen to 7.28%, its highest level since 2023, according to a rate survey reported by US media. The increase adds to affordability pressures for homebuyers already facing high property prices, and is likely to weigh on the housing market as buyers and lenders adjust expectations for borrowing costs.
Why now: The rate hitting a multi-year high affects homebuyers, homeowners and the housing market, making it a major personal-finance concern.
United StatesUS mortgage market
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Evidence
- U.S. mortgage rate rises to 7.28%, highest since 2023 · Honolulu Star-Advertiser
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