Reported 2 days ago
US mortgage rates have risen this week, following three consecutive weeks of decline, influenced by the Federal Reserve's forecast of fewer interest rate cuts in 2025. The average rate for a 30-year fixed mortgage increased to 6.72%, up from 6.60% last week, amid a backdrop of economic resilience and rising inflation. This comes after the Fed's decision to cut its benchmark overnight interest rate, alongside uncertainty regarding future policies under President-elect Donald Trump, which could impact inflation.
Source: YAHOO