Average mortgage rate rises for fifth straight week
- The average rate on a 30-year mortgage in the U.S. Rose to 6.72%, the highest since early August, as reported by Freddie Mac.
- The rate for 15-year fixed-rate mortgages increased to 5.99%, rising from 5.71% last week.
- Increased mortgage rates can add hundreds of dollars in monthly costs, reducing homebuyers' purchasing power amid high home prices and a sales slump.
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Coverage Details
Total News Sources0
Leaning Left4Leaning Right1Center4Last UpdatedBias Distribution44% Left, 44% Center
Bias Distribution
- 44% of the sources lean Left, 44% of the sources are Center
45% Center
L 44%
C 45%
11%
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