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US Mortgage Rates Surge Past 7%

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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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55 Sources

  1. Google News avatar

    Google News

    RSS / @news.google.com/rss

    US fixed 30-year mortgage rate jumps to 7.12%, MBA says - Yahoo Financ...

  2. Reuters Japan ロイター avatar

    Reuters Japan ロイター

    X / Twitter / @ReutersJapan

    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...

  3. Tracy Shuchart avatar

    Tracy Shuchart

    X / Twitter / @chigrl

    US 30-year fixed mortgage rates have risen to 7.12% according to Mortg...

  4. Zero Hedge avatar

    Zero Hedge

    RSS / @cms.zerohedge.com/fullrss2.xml

    More US Homebuyers Apply For Riskier Mortgages As Interest Rates Top 7...

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