US 30-YEAR MORTGAGE RATE TOPS 7%, HIGHEST SINCE MAY 2024
- NEWS Desk Global
- Jan 15, 2025
- 1 min read
The interest rate for the most popular U.S. home loan rose last week to an eight-month high of 7.09%, extending an upward trend that's squeezing would-be homebuyers already facing rising house prices and limited supply.
The average contract rate on a 30-year fixed-rate mortgage rose 10 basis points in the week ended Jan. 10, the Mortgage Bankers Association said on Wednesday.
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