Mortagage rates climb toward 7%
U.S. mortgage rates are on the rise.
U.S. mortgage
US mortgage rates increase for the first time since October
Mortgage rates have increased for the first time since October.
US average long-term mortgage rates back under 7%, for now
The average long-term U.S. mortgage rate dipped back under 7% this week, one day after the Federal Reserve raised its benchmark borrowing rate to its highest level in 15 years as it tries to squelch four-decade high inflation.
The average long-term U.S. mortgage rate dipped back under 7% this week, one day after the Federal Reserve raised its benchmark borrowing rate to its highest level in 15 years as it tries to squelch four-decade high inflation.
