Mortgage rates in the U.S. have hit the highest level since March of 2020.
The average rate for a 30-year fixed-rate loan was 3.45% for the week ended Thursday, up from 3.22% a week ago, per the Wall Street Journal.
Expectations that the Federal Reserve will raise interest rates multiple times this year are driving up mortgage rates, which are closely tied to the 10-year U.S. Treasury.
Rates have now increased for three weeks in a row. A year ago, the rate on America’s most popular home loan was 2.79%, just above its record low of 2.65%. Still, rates remain near historic lows.
Higher borrowing costs, along with record-high home prices, could drive some buyers out of the market. The median price for existing homes increased 13.9% in November from a year earlier to $353,900, according to the National Association of Realtors.
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here
Owala Name Plate, Owala Customized Name Tag 24 32 40 Oz, Owala Customized Name Plate, Personalized Owala Lid Topper, Owala Accessories
$5.95 (as of January 15, 2025 19:17 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Crock-Pot Electric Lunch Box, 20-Ounce Portable Food Warmer, Black Licorice, Perfect for Travel, On-the-Go & Office Use | Stylish, Spill-Free & Dishwasher-Safe | Ideal Men & Women's Gifts
$39.82 (as of January 15, 2025 19:23 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
YARRAMATE Oil Sprayer for Cooking, 2 in 1 Olive Oil Dispenser Bottle for Kitchen, 16oz/470ml Premium Glass Oil Bottle, Food-grade Oil Mister for Air Fryer, Salad, Frying, BBQ (Black)
$9.99 (as of January 15, 2025 19:50 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
MontNorth Collapsible Basin Bucket,9L Collapsible Dishpan with Drain Plug for Kitchen Sink,5L Portable Foldable Small Plastic Water Supplies for Outdoor Garden Camping Fishing Car Wash(Sets of 2)
$16.14 (as of January 15, 2025 19:23 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
