Published 2 years ago

Mortgage Rates Rise to 6.7%, Highest Since 2007

Summary by Ground News

Mortgage rates surged for the sixth week in a row, moving closer to 7%. The 30-year fixed-rate mortgage averaged 6.70% in the week ending September 29, up from 6.29% the week before, according to Freddie Mac. That’s the highest level since July 2007.

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The Guardian

US mortgage rates climb to 6.7%, highest for 15 years

Mortgages rise for sixth straight week, threatening to sideline even more homebuyers as Americans struggle with cost of borrowing

2 years ago·London, United Kingdom

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Reuters

US 30-year mortgage interest rate rises to 6.52%, high level since 2008/8

[28th Reuters] - The 30-year mortgage fixed interest rate for the week until the 23rd announced by the American Mortgage Bankers Association (MBA) on the 28th rose 27 basis points (bp) on average to 6.52%, 2008/8 It recorded a high level since then. Mortgage interest rates are rising against the backdrop of aggressive interest rate hikes by the Federal Reserve (FRB) aimed at curbing inflation, and pressure on the housing sector is intensifying. …

2 years ago·United Kingdom

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CNN

Mortgage rates surge, closing in on 7%

Mortgage rates surged for the sixth week in a row, moving closer to 7%.

2 years ago·Atlanta, United States

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The Washington Post

Mortgage rates hit 6.7 percent as housing market keeps cooling

The long-awaited shift is playing out across the country as mortgage rates escalate to the highest levels in 15 years.

2 years ago

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Bloomberg

US Mortgage Rates Jump to 6.7%, Hitting Highest Level Since 2007

Mortgage rates surged to the highest level since 2007, with higher borrowing costs turning the screws even tighter on the quickly cooling US housing market.

2 years ago·United States

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Washington Top News

Mortgage rates jump to 15-year high

Mortgage rates continue their rapid rise, with the average rate on a 30-year fix hitting the highest level since July 2007 this week.Freddie Mac says a 30-year mortgage now averages 6.7%. This is the sixth consecutive week that rates have risen. A year ago, 30-year rates averaged 3.01%. Thirty-year rates have risen more than one full percentage point in the past month, and have more than doubled since the first of the year. More Business NewsMor…

2 years ago·Washington, United States

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