US Mortgage Rates Reach A Two-Year High, Putting Pressure On New Home Buyers

7 months ago
U.S. mortgage rates last week jumped to a two-year high and are expected to continue rising, which may further squeeze first-time homebuyers out of the market, while inflation continues to rise rapidly across the nation. Many buyers were already struggling with higher home prices and limited housing stock. The average rate for a 30-year fixed-rate mortgage averaged 3.69 percent for the week ending Feb. 10, up from 3.55 percent the previous week, according to a report released on Feb. 10 by Fredd...
Read Entire Article