1 Day
Source:
Los Angeles Times
Mortgage rates rise past 6.50 percent
The U.S. long-term mortgage rate increased to 6.58%, the highest in nearly a year, driven by rising oil prices and inflation concerns. This upward trend has contributed to sluggish home sales, despite mortgage rates remaining below last year's levels. Elevated borrowing costs and financial pressures are impacting the housing market’s recovery.
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