Economy / FinanceRomeo Full Staff

U.S. Mortgage Rates Rise, Highest Level this Year


U.S. Mortgage Rates Rise to 6.81%, Highest Level This Year -Freddie Mac   NEW YORK (Reuters) – U.S. 30-year mortgage rates rose to an average of 6.81% this week, the highest level of 2023, according to Freddie Mac’s mortgage market survey. Mortgage rates have risen sharply in tandem with the Federal Reserve’s aggressive monetary policy stance adopted since last year aimed at curbing inflation. As a result, the rates climbed to 7.08% in November 2022 – its highest in two decades. Interest rates on 30-year mortgages – the most popular home loan in the U.S – averaged 6.71% last week….

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