Story preview
Topics in this story
Continue reading on the publisher site for the full article.
Read on publisher →International Business Times
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
6
in the last 3 days
First reported
3 days ago
5 outlets since
Countries
5 other outlets reported this story in the last 3 days.
The average 30-year mortgage rate climbed to 7.28%, its sixth straight weekly increase and highest level since November 2023. The 15-year rate rose to 6.60%.
The gain of 25 basis points represented the largest weekly jump since 2023, amid dips in application volume and existing home sales
Economist Jane Liu, Ph.D. examines what the return of 7 percent mortgage rates reveals about the broader economy. Liu looks beyond housing to explore how persistent inflation and higher interest ra…