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US mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing market

Mortgage rates climbed for the fourth week in a row, driving the average long-term U.S. home loan rate to just below 7%, its highest level in over 19 months. Mortgage buyer Freddie Mac said Thursday that the benchmark 30-year fixed rate mortgage rate rose to 6.95% from 6.76% last week. One year ago, the average rate was 6.26%. The average rate on 15-year…

Sources (1)· Sep 17, 5:02 PM

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The Atlanta Journal-Constitution· Sep 17, 5:02 PMUS mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing market

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Struggling US homebuyers, and market, face new hurdles as mortgage rates climb to nearly 7%Mortgage rates climbed for the fourth week in a row, driving the average long-term U.S. home loan rate to just below 7%, its highest level in over 19 months. Mortgage buyer Freddie Mac said Thursday that the benchmark 30-year fixed rate mortgage rate rose to 6.95% from 6.76% last week. One year ago, the average rate was 6.26%. The average rate on 15-year…

The Atlanta Journal-Constitution23d agoWhole story →

US stocks rise after oil prices fall and pressure from the bond market easesU.S. stocks are rising and recovering most of their losses for the week. Falling oil prices and easing pressure from the bond market on Thursday are helping Wall Street reverse many of its moves from the prior day, when the Federal Reserve hiked its main interest rate for the first time in years and suggested more may be on the way. The S&P 500 climbed…

The Atlanta Journal-Constitution23d agoWhole story →

ICYMI: Revised NextEra-Dominion plan expands bill creditsICYMI Residential ratepayers would see credits on their power bills for twice as long as first proposed under a series of revisions to NextEra Energy’s $67 billion bid to acquire Dominion Energy.

Richmond Times-Dispatch23d agoWhole story →

Planet nextera dominion merger

Tuberville sponsors bill to shield ratepayers from data center costsPresident Donald Trump signed a similar pledge and got major technology companies to commit to cover the full cost of the energy and infrastructure needed for new data centers.

AL.com23d agoWhole story →

Build HR 9340 data center legislation

Stocks rise as Wall Street bounces back from Fed sell-off; oil dipsStocks climbed Thursday morning as Wall Street tried to bounce back from a steep sell-off the previous day, after the Federal Reserve issued its first interest-rate hike in three years.

New York Post23d agoWhole story →

Economy fed interest rate hike

Since

Looking for Oil in Alaska, No Environmental Strings AttachedOil companies will no longer be required to conduct environmental reviews before exploring for fossil fuel reservoirs in the Western Arctic, the largest tract of federally managed public land in the United States. The Bureau of Land Management announced a categorical exclusion under the National Environmental Policy Act for winter oil and gas exploration…

Inside Climate News23h agoWhole story →

Planet alaska oil exploration rule change

Analysis: Trump's shock Russia deal highlights mounting pressure to curb fuel pricesThe US president hopes to ease his party's pain before next month's midterm elections, writes the BBC's North America correspondent.

BBC News23h agoWhole story →

Economy midterm elections

News Wrap: Trump announces diesel deal with RussiaIn our news wrap Friday, Trump says he struck a deal with Russia for millions of tons of diesel in a bid to lower U.S. energy prices, Katie Zacharia will replace Karoline Leavitt as White House press secretary, the Pentagon's plans to livestream an execution has drawn strong reactions, Trump launched a new effort to fire Fed governor Lisa Cook, and NFL…

PBS NewsHour22h agoSources (2)Whole story →

Economy diesel deal with russia

Trump: Putin To Release Diesel Into Global Market"Balance of Power" focuses on the intersection of politics and global business. On today's show, Rep. Debbie Wasserman Schultz (D-FL) says President Trump’s deal with Russia to release diesel supplies is a “desperate political move” designed to help Republicans ahead of the midterms and argues he cares more about his party’s political outcome than…

Bloomberg22h agoWhole story →

Economy diesel market intervention

Trump Strikes 'Deal With the Devil' for Russian Diesel as High Prices Hinder GOP in MidtermsDemocrats in Congress and Ukrainian President Volodymyr Zelenskyy on Friday swiftly condemned US President Donald Trump's plan to secure diesel from Russia in hopes of combating fuel prices that have skyrocketed due to his illegal war on Iran. "I have just concluded a highly successful discussion with President Vladimir Putin, of Russia, wherein it was…

Common Dreams22h agoWhole story →

Economy russian diesel deal

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Struggling US homebuyers, and market, face new hurdles as mortgage rates climb to nearly 7%Mortgage rates climbed for the fourth week in a row, driving the average long-term U.S. home loan rate to just below 7%, its highest level in over 19 months. Mortgage buyer Freddie Mac said Thursday that the benchmark 30-year fixed rate mortgage rate rose to 6.95% from 6.76% last week. One year ago, the average rate was 6.26%. The average rate on 15-year…

The Atlanta Journal-Constitution23d agoWhole story →

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America In Focus: Affordability concerns rise as Fed hikes key rate, mortgage rate reaches nearly 7%The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year.

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What does a Fed rate hike mean for mortgage rates?Homebuyers face higher borrowing costs after the 30-year fixed rate for mortgages rose last week to its highest level in nearly two years. Don’t just blame the Federal Reserve.

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US fixed 30-year mortgage rate jumps to 7.12%, MBA saysThe ‌rate on the most popular US home loan rose last week to its highest in more than two years, after the Federal Reserve lifted short-term interest rates to combat inflation, and rising oil prices drove up Treasury yields that underpin residential borrowing costs.

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US 30-year mortgage rate hits highest in nearly three yearsThe interest rate on the most common US home loan jumped to 7.49%, worsening affordability for buyers four weeks before elections that will decide if ‌the Republicans keep control of Congress.

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Car loan rates may rise as Treasury yields climbBond yields have spiked due to expectations of persistent inflation and further interest rate hikes from the Federal Reserve, which may impact auto loan rates.

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Here’s what a Fed rate hike means for your mortgage, car loan and credit cardsThe Federal Reserve raised interest rates Wednesday for the first time since 2023, but that won’t mean the mortgage rate or car loan you’ve been eyeing will suddenly shoot up.

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Fact Check Team: What higher interest rates mean for mortgages, borrowers and saversMortgage rates are back above 7%, adding to the financial pressure facing prospective homebuyers as the Federal Reserve raises its benchmark interest rate.

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US mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing market – KnowGov