News • 1 year ago

Average long-term US mortgage rate climbs to 7.09% this week to highest level in more than 20 years

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Average long-term US mortgage rate climbs to 7.09% this week to highest level in more than 20 years

News • 1 year ago

The average long-term U.S. mortgage rate jumped this week to its highest level in 20 years

The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, grim news for would-be homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.

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It should be noted that the income threshold varies and is based on your local area.

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