- US mortgage rates have surged, with the average 30-year fixed rate reaching its highest level in more than 21 years.
- The increase in mortgage rates is coinciding with a low inventory of homes, which could impact home ownership.
- Freddie Mac’s Chief Economist suggests that the improving economy and rising Treasury yields have contributed to the climb in mortgage rates.
- Rising mortgage rates could complicate the housing market outlook and impact demand for homes.
- The higher mortgage rates might lead to reduced affordability for potential homebuyers, particularly for young Americans.
- If the 7% mortgage rate threshold triggers a contraction in the housing market, it could further exacerbate the challenges in the industry.
investment score = chances characters count - risks characters count
- 2023-08-18 Mortgage Rates Rise to Near a 21-Year High, Says Freddie Mac
- 2023-08-18 US 30-year fixed mortgage rate jumps to near 21-1/2-year high
- 2023-08-18 Mortgage Rates Hit 7.09%, the Highest in More Than Two Decades
- 2023-08-18 Average long-term US mortgage rate climbs to 7.09% this week to highest level in more than 20 years
- 2023-08-18 The 30-Year Fixed-Rate Mortgage Reaches its Highest Level in Over Twenty Years
- 2023-08-18 US Mortgage Rates Jump to 7.09%, Highest Since 2002
- 2023-08-17 Why Fannie Mae Stock Was Up Big Today
- 2023-08-15 Freddie Mac Reminds Homeowners Affected by Devastating Wildfires in Maui of Immediate Mortgage Relief Options
- 2023-08-11 One More Reason Homeowners May Stay Put: A Big Rise in Home Equity
- 2023-08-11 Average long-term US mortgage rate climbs to 6.96% this week, matching highest level this year