Mmastodon BusinessBusiness first seen 13 h ago, last 1 h ago, peak #1
US mortgage rates climb to near three-year high
Original: Average U.S. mortgage rate hits highest level in nearly 3 years https://www.fastcompany.com/91620961/mortgage-10year-int
The average rate on a 30-year US mortgage has risen to its highest level in nearly three years, driven by climbing yields on 10-year Treasury bonds. The jump raises borrowing costs for homebuyers and is expected to put further pressure on home sales and affordability, adding to concerns in the housing market.
Why now: Rising borrowing costs affect homebuyers and the housing market, making affordability a live concern.
United StatesUS housing marketFederal Reserve
Rank over time, top of the chart is #1. 9 snapshots from 10 h ago to 1 h ago.
Evidence
- Average U.S. mortgage rate hits highest level in nearly 3 years https://www.fastcompany.com/91620961/mortgage-10year-interest-rates-home-sales # Business # RealEstate # Finance · fast_company@robot.villas · 4
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