The U.S. Federal Reserve’s high interest rates, abetted by inflation, are keeping U.S. mortgage interest rates above 7 percent.
Tag: mortgage
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MORTGAGE RATES HIGHEST IN 20 YEARS
The U.S. average interest rate on a fixed-rate, 30-year mortgage reached 7.08 percent during the week ended 28 October, according to the Federal Home Loan Mortgage Corporation (Freddie Mac).
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U.S. MORTGAGE RATES HIGHEST IN 15 YEARS
Last week, U.S. mortgage interest rates rose to their highest levels since July 2007 during the Great Recession.
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MORTGAGES IN U.S. HIT HIGHEST LEVEL SINCE THE 2008 FINANCIAL CRISIS
The average mortgage rate on a 30-year fixed mortgage hit 6.7 percent, according to a survey released Thursday by the mortgage giant Freddie Mac. “The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” a statement read. “Our survey indicates that the range of weekly rate quotes for the 30-year fixed-rate mortgage has...