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This week’s Chart of the Week illustrates the impact of rising rates on mortgage application activity.
USA: Mortgage rates surpassed the 7% mark this week for the first time since January 2025, reaching their highest level during either of Donald Trump’s presidential terms. According to Freddie Mac, the average 30-year fixed mortgage rate increased to 7.03%, up from 6.95% the previous week.This marked the fifth…
The average long-term U.S. mortgage rate rose this week above 7% for the first time since January 2025, the latest affordability setback for prospective homebuyers following a five-week run of