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News@lemmy.world · 11 months 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

MicroWave@lemmy.world to

News@lemmy.world · 11 months 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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Flying Squid@lemmy.world
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11 months ago
I am so glad we have a fixed-rate mortgage, but I don’t know how we’re ever going to be able to afford to move out of this town.

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