Average long
LOS ANGELES (AP) — The average long-term U.S. mortgage rate climbed this week to its highest level since late November, another setback for home shoppers in what’s traditionally the housing market’s busiest time of the year.
The average rate on a 30-year mortgage rose to 7.17% from 7.1% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.43%.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose this week, lifting the average rate to 6.44% from 6.39% last week. A year ago, it averaged 5.71%, Freddie Mac said.
When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers, limiting how much they can afford at a time when the U.S. housing market remains constrained by relatively few homes for sale and rising home prices.
Related articles
FTC sends $5.6 million in refunds to Ring customers as part of video privacy settlement
NEW YORK (AP) — The Federal Trade Commission is sending more than $5.6 million in refunds to consume2024-04-27China ramps up efforts to attract foreign investment across diverse industries
China has started revising the industry catalog of sectors encouraging foreign investment, the count2024-04-27At least 37 mothers killed daily in Gaza: medics
An average of at least 37 mothers are killed per day due to the ongoing Israeli attacks in the Gaza2024-04-27- Quinta Brunson was joined by Niecy Nash-Betts and Sandra Oh to lead the stars at the 76th Writers G2024-04-27
New reporting requirements for life
AUSTIN, Texas (AP) — Doctors who perform life-saving abortions may soon be required to document whet2024-04-27Donald Glover set to debut new Childish Gambino music on upcoming livestream
Donald Glover, also known by his stage name Childish Gambino, revealed he will be starting his new a2024-04-27
atest comment