Average rate on a 30-year mortgage climbs to highest level in 13 months
Mortgage rates rose again this week, driving the average long-term U.S. home loan rate to its highest level in more than a year.
Mortgage rates have experienced another increase this week. This rise has pushed the average rate for long-term U.S. home loans to its highest point in over a year. The current trend indicates a significant increase in borrowing costs for potential homeowners.
- Mortgage rates increased this week.
- The average long-term U.S. home loan rate reached its highest level in over a year.
- This marks a significant rise in borrowing costs.
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