
US Mortgage Rates Climb to Five-Month High, Causing Demand to Drop
US mortgage rates have climbed for a third straight week, reaching a five-month high of 6.43% and pushing home-financing costs to their highest since October, which has led to a continued drop in mortgage demand for both purchasing and refinancing activity.
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Mortgage demand drops more than 10% as rates hit the highest level since October
Mortgage demand continued to tumble last week, as mortgage rates surged higher and affordability weakened further.
Read full article →Mortgage demand down for second week as rates rise
Read full article →US Mortgage Rates Jump Further to Five-Month High of 6.43%
US mortgage rates climbed for a third straight week, pushing home-financing costs to the highest since October and dealing a blow to both purchasing and refinancing activity.
By Vince Golle
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