Reported about 9 hours ago
The 30-year fixed-rate mortgage in the U.S. has surged to 7.09%, marking an eight-month peak. This increase is part of a trend that is challenging potential homebuyers due to rising house prices and limited inventory. Despite a decrease in the Federal Reserve's policy rate, mortgage rates have climbed due to heightened Treasury yields amidst persistent inflation concerns and growing budget deficits.
Source: YAHOO