Current location:Culture Current news portal > world
Average long
Culture Current news portal2024-06-03 15:48:10【world】0People have gathered around
IntroductionLOS ANGELES (AP) — The average rate on a 30-year mortgage climbed this week to its highest level in
LOS ANGELES (AP) — The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what’s typically the housing market’s busiest stretch of the year.
The rate rose to 7.22% from 7.17% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.39%.
When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers. That limits how much homebuyers can afford at a time when a relatively limited number of homes on the market coupled with heightened competition for the most affordable properties has kept prices marching higher.
The average rate on a 30-year mortgage has now increased five weeks in a row. It hasn’t been this high since November 30.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose this week, lifting the average rate to 6.47% from 6.44% last week. A year ago, it averaged 5.76%, Freddie Mac said.
Address of this article:http://marshallislands.campingcolorado.net/content-13d199809.html
Very good!(899)
Related articles
- U.S. House Republicans fail to impeach homeland security secretary over border security
- Removal of remainder of Civil War governor's monument in North Carolina starting
- Jordan Leasure has become a high
- Saints sign interior offensive lineman Lucas Patrick and defensive tackle Kendal Vickers
- Ojeda, Fernández, Freese carry NYCFC to 2
- I was the first person in the world to survive RABIES without a vaccine
- Arab League welcomes UN resolution backing Palestine's bid for membership
- Closing prices for crude oil, gold and other commodities
- Mother in law of missing Kansas mom and friend arrested in huge Oklahoma SWAT raid
- Short drives in go
Popular articles
Recommended
Trump critic Chris Christie exits 2024 U.S. presidential race
Spencer Torkelson's 2
Curfew is imposed in New Caledonia after unrest wracks French island territory in south Pacific
China, other countries to spur trade
India's Delhi, outskirts mandate Stage
Researchers date living age of Liujiang Homo sapiens in south China
Experts warn 'silver tsunami' poses threat to the economy as over
Arkansas and coach John Calipari will face former team at Kentucky in SEC next season
Links
- Polish defense minister fends off criticism after he says he keeps an emergency backpack ready
- US says Rafah offensive would jeopardize cease
- Fascinating graphic shows exactly what ultra
- The serial dine
- Final proof Biden's America is utterly adrift, ignored
- Wimbledon girls finalist suspended for doping on pro tour
- I'm a vet and you should beware of these 4 garden plants that are harmful to dogs
- How Aussie brothers' dream birthday trip to remote Mexican beach turned to horror
- Amnesty urges FIFA to release compensation review for Qatar World Cup migrant workers
- Cheap and common supplement could cure colds two days quicker than normal, study finds