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US fixed 30-year mortgage rate jumps to 7.12%, MBA says

The ‌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.

Sources (1)· Sep 23, 11:02 AM

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Reuters· Sep 23, 11:02 AMUS fixed 30-year mortgage rate jumps to 7.12%, MBA says

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Struggling US homebuyers, and market, face new hurdles as mortgage rates brush 7%The Federal Reserve’s decision Wednesday to increase its key interest rate and other factors could set the stage for a further slowing in the housing market this year.

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