Average long-term U.S. mortgage rates climb to 6.94%

United States News News

Average long-term U.S. mortgage rates climb to 6.94%
United States Latest News,United States Headlines
  • 📰 SpectrumNews1TX
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 59%

Average long-term U.S. mortgage rates inched up this week ahead of another expected rate increase.

Many prospective buyers have been pushed out of the market as average mortgage rates have more than doubled this year

The Fed's aggressive action has stalled a housing sector that — outside of the onset of the pandemic — has been hot for years. Freddie Mac says that for a typical mortgage, borrowers who locked in at the higher end of the rate range during the past year would pay several hundred dollars more than borrowers who signed contracts at the lower end of the range.

Earlier this month, the government reported that America's employers slowed their hiring in September but still added 263,000 jobs. The unemployment rate fell to 3.5%, matching a half-century low.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SpectrumNews1TX /  🏆 333. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

8 Highlights from Last Night's WWE Raw Including the Return of JBL8 Highlights from Last Night's WWE Raw Including the Return of JBLHall-of-Famer JBL appeared on WWE Raw last night to reintroduce Baron Corbin. Watch highlights of that and everything else right here. WWERaw
Read more »

Runners worldwide finish slain Raleigh mother's last runRunners worldwide finish slain Raleigh mother's last runJust over 5 miles into her Thursday evening run along the familiar Neuse River Greenway, Raleigh mother of three Susan Karnatz was fatally shot by a 15-year-old boy whose shooting rampage killed five people, wounded two and frightened hundreds more in surrounding neighborhoods. Now, runners across the globe are finishing the final leg of the run Karnatz never got to complete. Organizing under the hashtag RunforSue, hundreds of runners are sharing photos of their routes — often 1.9 miles (3 kilometers) to complete her run, 5.1 miles (8.2 kilometers) to mark the distance she covered or 7 miles (11.2 kilometers) to match her goal — on Twitter, Facebook and Instagram to show the Karnatz family how many she inspired.
Read more »

Last chance to save 20% on Khloé Kardashian’s Good American brandLast chance to save 20% on Khloé Kardashian’s Good American brandScore a good deal on jeans, swimwear and more from the star’s line, which has been worn by stars including Kim Kardashian and Jennifer Lopez.
Read more »

Kyrie Irving: Last season was ‘every day battle’ amid uncertainty over ankle, vaccine issuesKyrie Irving: Last season was ‘every day battle’ amid uncertainty over ankle, vaccine issuesKyrie Irving: Last season was 'every day battle' amid uncertainty over ankle, vaccine issues
Read more »



Render Time: 2025-02-07 14:02:31