Mortgage Rates Reach 6.95 Percent as Higher Borrowing Costs Pressure U.S. Housing Market
The average 30-year fixed mortgage rate reached 6.95 percent as rising borrowing costs continued to affect homebuyers and sellers across the United States.
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Mortgage Rates Remain Elevated as Housing Costs Stay in Focus for U.S. Buyers
Mortgage rates remained elevated for American homebuyers on Tuesday, reinforcing the financing challenge facing households entering the housing market while financial markets continued to assess inflation and the Federal Reserve's next interest-rate decision.