
Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges. The average rate on a standard, 30-year fixed mortgage was 7.04% in the week ending January 16, according to a survey of lenders released Thursday by Freddie Mac. It’s the fifth consecutive weekly increase and the highest level since May.

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Idaho

United States

Mortgage rates climb above 7% to highest level since May

The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months.

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Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May

The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months

abc News

The Walt Disney Company

Average rate on 30-year mortgage hits 7%, its fifth straight increase

Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.

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Atlanta

Fulton County

Georgia

By Bryan Mena, CNN Washington (CNN) — Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges. The average rate on a standard, 30-year fixed mortgage was 7.04% in the week ending January 16, according to a survey of lenders released Thursday by Freddie Mac. It’s the fifth consecutive weekly increase and the highest level since May. Mortgage rates this week were …

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CNN By Bryan Mena, CNN Washington (CNN) — Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges. The average rate on a standard, 30-year fixed mortgage was 7.04% in the week ending January 16, according to a survey of lenders released Thursday by Freddie Mac. It’s the fifth consecutive weekly increase and the highest level since May. Mortgage rates this week w…

KRDO

Colorado Springs

El Paso County

Colorado

Housing market continues to face an affordability crisis as mortgage rates climbed above 7% this week -- marking fifth consecutive weekly increase.

New York Post

Murdoch family

New York

Mortgage rates top 7%, soar to highest level since May in latest blow to homebuyers

US homebuyers contending with the highest borrowing costs in eight months are seeing mortgage rates rise past a psychological barrier that risks complicating purchase decisions even more.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

US Mortgage Rates Pushing Past 7% Signal Tough Road Ahead

It's the first time since May 2024 that 30-year mortgage rates have hit that mark. High rates are adding to the affordability challenges many Americans are facing.

National Public Radio, Inc

Washington

District of Columbia

Fed cuts were supposed to lower mortgage rates, but they're back above 7%. Here's why

A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. (Photo by Justin Sullivan/Getty Images) OAN Staff James Meyers3:30 PM – Thursday, January 16, 2025 According to a new report, mortgage rates increased this week, going above 7% ━ adding more pressure to the housing market. Advertisement... The post Report: Mortgage Rates Surpass 7% For First Time Since May appeared first on Daily Truth Report • DailyTruthR…

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San Diego

San Diego County

California

Report: Mortgage Rates Surpass 7% For First Time Since May

The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months. The rate rose to 7.04% from 6.93% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.6%. It has risen for five straight weeks. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also rose this week. The average rate i…

Mortgage rates climb above 7% to highest level since May

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