Mortgage Rates Climb to 2024 High

  Published 1 year ago

U.S. 30, year mortgage rates rose to 6.86%, the highest since mid, February, hindering the spring home buying season. This increase, driven by economic factors and government debt concerns, adds to borrowing costs and slows home sales.

  • 30 year rates hit 6.86%, up from 6.81% last week.
  • Rising Treasury yields & debt concerns fuel rate hikes.
  • Home sales are at a low since April 2009.

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