Coverage dated September 25, 2023 to September 27, 2023
US mortgage rates climb to 7.31%, hitting their highest level in nearly 23 years
Headline from KTVZ Bend
By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates surged to their highest level in nearly 23 years this week as inflation pressures persisted. The 30-year fixed-rate mortgage averaged 7.31% in the week ending September 28, up from 7.
KTVZ Bend's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The average rate on the benchmark 30-year home loan rose to 7.31%, from 7.19% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.70%.
By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates surged to their highest level in nearly 23 years this week as inflation pressures persisted. The 30-year fixed-rate mortgage averaged 7.31% in the week ending September 28, up from 7.
Freddie Mac reported Thursday that the average interest rate for a 30-year fixed-rate home mortgage is now at 7.31%, the highest it has been in nearly 23 years.
Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in nearly 23 years, another blow to prospective homebuyers facing an increasingly less affordable housing market
LOS ANGELES >> Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in nearly 23 years, another blow to prospective homebuyers facing an increasingly unaffordable housing market.
