US mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing market
Average long-term U.S. mortgage rates rose for the fourth consecutive week, reaching nearly 7%. This marks the highest level in over 19 months, impacting buyers and sellers in the housing market.
Mortgage rates climbed for the fourth week in a row, driving the average long-term U.S. home loan rate to just below 7%, its highest level in over 19 months.
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