US Mortgage Rates Climb to 6.38%, Highest in Over 6 Months
U.S. long-term mortgage rates have climbed for the fourth consecutive week, reaching 6.38%—the highest level in over six months—further dampening prospects for the spring home-buying season.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (46/100)Sources
Mortgage rates climb for the fourth week in a row — and they won’t drop back down until this happens
Rates had fallen under 6% for the first time since 2022 just days before the start of Operation Epic Fury.
By Andrew Keshner
Read full article →Average US long-term mortgage rate leaps to 6.38%, the highest level in more than 6 months
Read full article →There Goes the Spring Selling Season: Mortgage Rates Jump, Mortgage Applications to Purchase a Home Drop
Mortgage purchase applications are down by 35% from the same period in 2019 in a housing market that remains frozen.
By Wolf Richter
Read full article →


