housing · Monday, September 28
Mortgage rates climb past 7% again
Higher borrowing costs add pressure for buyers facing rising home prices.
Home shoppers across the United States are facing renewed pressure as the average rate for a 30-year mortgage moves past 7%. The shift affects a housing market already dealing with higher prices. Treasury yields have reached multi-decade highs, pushing borrowing costs higher across the economy. The rate had not reached this level in twenty months.
Source: PBS NewsHour ↗
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