US 30-Year Fixed Mortgage Rate Rises to 7.50%, Highest in Two Years
JH Kim
Summary
- The average US 30-year fixed mortgage rate rose to 7.50%, reaching its highest level in two years.
- The average 30-year fixed mortgage rate stood at 7.50%, up 1.12 percentage points from 6.38% a year earlier.
- Rising US mortgage rates are increasing borrowing costs for homebuyers.
Forecast Trend Report by Period
The average rate on a 30-year fixed mortgage in the US rose to 7.50%, hitting its highest level in two years.
Cointelegraph, a cryptocurrency-focused media outlet, reported on September 28 that the average rate for a 30-year fixed mortgage stood at 7.50%.
That was 1.12 percentage points above 6.38% a year earlier.
US mortgage rates have continued to climb, raising borrowing costs for homebuyers.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.