The average long-term U.S. mortgage rate rose for a fifth consecutive week to its highest level in just over a year, marking the latest strain for prospective homebuyers who are facing steep borrowing ...
The average 30-year fixed mortgage rate rose to 6.77% today, the highest in a year, and a hair above the highs earlier in July and May, and up by nearly 80 basis points from the February low. The ...
Rising rates are weighing on the housing market, and the uncomfortable levels above 6% might be here for the medium term, capital markets firm Optimal Blue estimated in its latest report. The ...