housing · Monday, September 28
U.S. Mortgage Rates Rise Above 7% Again
The average 30-year mortgage rate reached its highest level in twenty months as Treasury yields climbed.
In the U.S., the average rate for a 30-year mortgage has moved back above 7%. That adds pressure for homebuyers already facing higher prices in other parts of the economy. The increase comes as Treasury yields reach multi-decade highs, raising borrowing costs across the economy and making housing affordability harder for the market.
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