U.S. Mortgage Interest Rates Rise to Highest Level Since 2006

Mortgage rates have more than doubled since the beginning of the year as the Federal Reserve pursues an aggressive path of interest rate hikes to bring down stubbornly high inflation. Those actions, designed to cool the economy sufficiently to curb price pressures, have weighed heavily on the interest-rate-sensitive housing sector as expectations for Fed tightening have led to a…

Leave a Reply

Your email address will not be published. Required fields are marked *