US home sales
Coverage of US home sales in the Nexus archive.
- Average 30-year US mortgage rate rises to highest level in a year at 6.66%
The average 30-year US mortgage rate increased to 6.66%, its highest level in a year, driven by rising bond yields linked to the Iran conflict and inflation concerns. Higher borrowing costs are limiting homebuyers' purchasing power and contributing to sluggish home sales, with the 15-year fixed-rate mortgage also rising to 6.04%.
- Average 30-year US mortgage rate rises to highest level in a year at 6.66%
The average 30-year U.S. mortgage rate rose to 6.66%, the highest level in a year, as conflict in Iran and higher oil prices fueled inflation expectations. Higher borrowing costs are limiting homebuyers' purchasing power and contributing to sluggish home sales, with the 10-year Treasury yield rising to 4.66% as a key factor.
- Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year
The average 30-year U.S. mortgage rate rose to 6.58%, the highest level in nearly a year, driven by rising oil prices and economic inflation concerns. Freddie Mac reported a three-week upward trend in rates, impacting homebuyers' purchasing power and contributing to sluggish U.S. home sales.