US Mortgage Rates Surge to Multi-Year Highs Amid Rising Interest Trends
TL;DR Summary
U.S. mortgage rates have surged to 6.81%, the highest since July, marking a 67 basis point increase over five weeks, the steepest rise in two years. This has led to a significant drop in refinancing activity, now at its lowest since May, and a decline in the purchase index to its lowest since August, according to the Mortgage Bankers Association.
- US mortgage rates just jumped the highest in two years Greater Baton Rouge Business Report
- If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising? The New York Times
- Average rate on a 30-year mortgage in the US rises for sixth straight week The Hill
- Weekly mortgage demand tanks 11% as interest rates surge higher CNBC
- Mortgage Rates in US Climb for Sixth Week to Highest Since July Bloomberg
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