Here’s why mortgage rates are rising after the Fed’s rate cut
US mortgage rates rose again this week, the fourth-straight weekly increase. That rise in borrowing costs has undone some of the relief Americans felt this summer when mortgage rates fell in anticipation of a rate cut from the Federal Reserve as inflation improved.
Average rate on a 30-year mortgage in the US rises again to highest level in nearly 3 months
The average rate on a 30-year mortgage in the U.S. rose again this week, reaching its highest level in nearly three months.
US 30-year fixed-rate mortgage rises to 6.54%
U.S. mortgage rates increased for a fourth straight week this week, suggesting the housing market could remain on the back foot for some time even as the Federal Reserve cuts interest rates.
The average rate on a 30-year mortgage rose to 6.54% this week, Freddie Mac says, the highest level in nearly 3 months.
The average rate on a 30-year mortgage rose to 6.54% this week, Freddie Mac says, the highest level in nearly 3 months.
30-year fixed-rate mortgage rises for 4th straight week
WASHINGTON >> Mortgage rates increased for a fourth straight week this week, suggesting the housing market could remain on the back foot for some time even as the Federal Reserve cuts interest rates.
Average Rate on a 30-Year Mortgage Hits Highest Level in Nearly 3 Months
The average rate on a 30-year mortgage climbed to 6.54 percent this week, according to mortgage buyer Freddie Mac.
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