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The Independent UK
The Independent UK
National
Via AP news wire

The average long-term US mortgage rate rises for 7th straight week, 30-year loan reaches 7.79%

United States Bill Adams Freddie Mac
Copyright 2023 The Associated Press. All rights reserved

The average rate on the benchmark 30-year home loan rose for the seventh straight week, creating an increasingly high bar to home ownership for Americans.

The rate on the 30-year fixed mortgage is at 7.79%, up from 7.63% last week, Freddie Mac said Thursday. A year ago the rate was 7.08%.

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