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Economic Times Markets

financeLean Right

6h ago

US 30-year mortgage rate tops 7%, hits 2-year hightranslating…

The average 30-year mortgage rate reached 7.12%, its highest since May 2024, marking a significant increase. This rise follows the recent Federal Reserve interest rate hike aimed at controlling inflation. As borrowing costs climb, refinancing and home purchase applications have…

Factuality

70/100

Political Bias

Lean Right

Ownership

Economic Communications

Country

Unknown

Keywords#rate#mortgage rate#30-year mortgage#finance

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US 30-year mortgage rate tops 7%, hits 2-year high | Pulse Aggregator