US Mortgage Rates Unchanged at 7.4% as Housing Market Struggles
Macro·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
US mortgage rates were unchanged in the past week, offering little relief to a housing market battered by the return of 7% borrowing costs.
The average 30-year, fixed-rate mortgage has steadily risen in recent weeks, compounding affordability challenges for many Americans.
Sources
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SourceReports the news
“US mortgage rates were unchanged in the past week, offering little relief to a housing market battered by the return of 7% borrowing costs.”
Bloomberg — US Mortgage Rates Unchanged at 7.4% as Housing Market Struggles“The average 30-year, fixed-rate mortgage has steadily risen in recent weeks, compounding affordability challenges for many Americans.”
ny times — Mortgage Rates Hover at 7.4%, Highest Since 2023