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US mortgage rates hit highest level in nearly nine months, borrowing costs rise for homebuyers
The average long-term US mortgage rate climbed this week to its highest level in nearly nine months, raising borrowing costs for homebuyers during what is traditionally the busiest season for the housing market, AP reported.
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cnbc.com
Rising mortgage rates cause surge in demand for riskier loans
Mortgage rates continued to rise last week, causing more borrowers to head to adjustable-rate loans, which are cheaper but considered riskier.
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apnews.com
Average US long-term mortgage rate climbs to 6.51%, highest level in nearly nine months
The average long-term U.S. mortgage rate climbed this week to its highest level in nearly nine months, driving up borrowing costs for homebuyers during what’s traditionally the…
