Mortgage rates climb for 5th straight week, pushing average rate on a 30-year home loan above 7%
Average U.S. mortgage rates have climbed for five consecutive weeks, rising above 7% for the first time since January 2025.
The average long-term U.S. mortgage rate rose this week above 7% for the first time since January 2025, the latest affordability setback for prospective homebuyers following a five-week run of rate increases
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