Thirty-year fixed-rate mortgage rate surges to highest in two decades ...Middle East

The Hill - News
Thirty-year fixed-rate mortgage rate surges to highest in two decades
The average 30-year fixed-rate mortgage rate is the highest it's been in over 20 years, Freddie Mac announced Thursday. This announcement comes in the wake of home prices reportedly moving up 0.8 percent in June after over a year of slowing. In a statement on the average rate, currently, at 7.09 percent, Freddie Mac’s Chief Economist Sam Khater said the current strength of the economy and the rise of the 10-year Treasury yield are some of the factors contributing to the high rate. “The last time the 30-year fixed-rate mortgage exceeded seven percent was last November. Demand has been impacted by affordability headwinds, but low inventory remains the root cause of stalling home sales

Hence then, the article about thirty year fixed rate mortgage rate surges to highest in two decades was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Thirty-year fixed-rate mortgage rate surges to highest in two decades )

Apple Storegoogle play

Last updated :

Also on site :



Latest News