✉news BusinessReal Estate first seen 1 d ago, last 22 h ago, peak #15
US 30-Year Mortgage Rate Hits Highest Level Since 2023
The average US 30-year fixed mortgage rate has climbed to its highest point since 2023, according to a report from The Journal Record. The rise adds to affordability pressures for American homebuyers, with borrowing costs now at a two-year peak, drawing concern from prospective homeowners and the real estate industry.
Why now: Rising borrowing costs directly affect home affordability, making the rate spike a concern for buyers and the housing market.
United StatesThe Journal Record
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- US 30-year mortgage rate hits highest level since 2023 · The Journal Record
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