Mortgage Rates Head Higher Again, Rise to 7.18%

'1 to 6.7% currently. In a grim indicator ...The average long-term U.S. mortgage rate edged up this week, pushing higher the borrowing costs for prospective homebuyers already facing a housing market limited by a dearth of homes for sale and rising prices. The average rate on the benchmark 30-year home loan rose to 7.18%...'

Reference: www.floridarealtors.org
Tags: Biden Accomplishments,Biden Legacy,Inflation,Bidenomics,Bidenomis vs. Mortgage Rates,

Aug 21, 2023

Mortgage rates reach highest level in over 20 years

'The average rate for a 30-year fixed mortgage is now at its highest level in over 20 years, Freddie Mac reported Thursday. ...High inflation has driven the Federal Reserve to raise its benchmark interest rate 11 times since March 2022. Its fed funds rate has hit the highest level in 22 years. ...'

Reference: www.fox10phoenix.com
Tags: Bidenomis vs. Mortgage Rates,Destruction of America's Working Class,Mortgage Affordability Declines Under Democrat Party Rule,