US Mortgage Rates Surge Past 7%
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Insights by Echo AI
US mortgage rates have surged past 7%, reaching their highest level in over two years, according to data from the Mortgage Bankers Association and Freddie Mac. The average 30-year fixed-rate mortgage rate jumped to 7.12% this week, up from 6.97% last week. This increase comes amidst rising inflation, higher oil prices, and increasing Treasury yields. The surge in mortgage rates is hitting housing demand, with overall mortgage applications falling to a 15-month low and more borrowers turning to adjustable-rate mortgages.
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US fixed 30-year mortgage rate jumps to 7.12%, MBA says - Yahoo Financ...
米30年物住宅ローン金利7.12%、2年超ぶり高水準=米抵当銀行協会 https://t.co/FhpS7pnIBy https://t.c...
US 30-year fixed mortgage rates have risen to 7.12% according to Mortg...
More US Homebuyers Apply For Riskier Mortgages As Interest Rates Top 7...
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