Reported 3 days ago
The average interest rate for a 30-year fixed-rate mortgage in the U.S. rose to 6.81% last week, marking its highest point in two months amid a volatile financial market influenced by escalating trade tensions. This increase of 20 basis points was the largest since October, leading to a decline in mortgage applications and a growing preference for adjustable-rate mortgages among homebuyers.
Source: YAHOO