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.

Published 8 months ago · Washington, United States

News Articles

More
Filters

All

Left

Center

Right

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

8 months ago·London, United Kingdom

Read Full Article

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. …

8 months ago·United Kingdom

Read Full Article

CNN

Mortgage rates surge, closing in on 7%

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

8 months ago·Atlanta, United States

Read Full Article

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.

8 months ago·Washington, United States

Read Full Article

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.

8 months ago·United States

Read Full Article