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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Market Rebound Follows Federal Reserve Rate Increase as Borrowing Costs Remain in Focus
U.S. markets recovered after a rate-driven decline, while households continued watching borrowing and housing expenses.