Average long-term U.S. mortgage rates jumped again this week, hitting the highest levels in almost 14 years and pushing even more would-be buyers out of the market .
WASHINGTON — Average long-term U.S. mortgage rates jumped again this week, hitting the highest levels in almost 14 years and pushing even more would-be buyers out of the market.
Rising interest rates — in part a result of the Federal Reserve’s aggressive push to tamp down inflation — have cooled off a housing market that has been hot for years. Many potential home buyers are getting pushed out of the market as the higher rates have added hundreds of dollars to monthly mortgage payments. Sales of existing homes in the U.S. have fallen for six straight months, according to the National Association of Realtors.
The Fed has raised its benchmark short-term interest rate four times this year, and Chairman Jerome Powell has said that the central bank will likely need to keep interest rates high enough to slow the economy “for some time” in order to tame the worst inflation in 40 years.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Plan for lane restrictions on US 89 north of Flagstaff Sept. 7-8
Consulte Mais informação »
'Star Trek' icon Nichelle Nichols' ashes to launch into space, son Kyle calls Enterprise mission 'great honor'Nichelle Nichols died in July at 89 and will be memorialized among the stars via a Vulcan rocket launching her ashes into deep space with late 'Star Trek' colleagues.
Consulte Mais informação »
Britain's Queen Elizabeth II dies; mortgage rates at highest point since 2008; cheaper electric vehicles coming | Hot off the Wire podcast🎧 Queen Elizabeth II, Britain’s longest-reigning monarch, died. More on that story, the death of former CNN anchor Bernard Shaw, mortgage rates and electric vehicles on our daily news podcast.
Consulte Mais informação »
Britain's Queen Elizabeth II dies; mortgage rates at highest point since 2008; cheaper electric vehicles coming | Hot off the Wire podcast🎧 Queen Elizabeth II, Britain’s longest-reigning monarch, died. More on that story, the death of former CNN anchor Bernard Shaw, mortgage rates and electric vehicles on our daily news podcast.
Consulte Mais informação »
Mortgage rates march towards 6%, reaching highest level since 2008 -- but there is some good news for home buyersMortgage rates march towards 6%, reaching highest level since 2008 — but there is some good news for home buyers
Consulte Mais informação »