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.Reuters13d agoWhole story →BuildEconomymortgage rate increase
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.Anchorage Daily News19d agoWhole story →BuildEconomymortgage rate increase
