US mortgage rate surges to 7.49%, its highest level since December 2000
Headline from WISH-TV Indianapolis
The average rate on the benchmark 30-year home loan rose to 7.49% from 7.31% last week, mortgage buyer Freddie Mac said.
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After registering their biggest one-day drop in six months, 30-year mortgage rates have climbed higher, again nearing 8%. Movement was up for almost every loan type.
According to leading real industry group Mortgage Bankers Association, the average rate on the benchmark 30-year home loan climbed to 7.53% this week — the highest rate since 2000.
LOS ANGELES >> The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers.
By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates climbed even higher this week, hitting 7.49% and pushing homeownership further out of reach for would-be homebuyers. That’s up from 7.31% the week before, according to data from Freddie Mac released Thursday.
The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers
The average rate for a 30-year fixed-rate mortgage climbed to 7.49% this week, continuing its upward march as the U.S. housing market continues to cool.
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US mortgage rate surges to 7.49%, its highest level since December 2000 | Since Then
