Mortgage Rates Hold Above 7% for Fifth Straight Week

Interest Rates Fluctuation: Implications for Mortgage Lending Explore how recent interest rate fluctuations impact the mortgage lending industry, highlighting challenges and opportunities for lenders.

Estimated reading time: 0 minutes, 18 seconds

Friday, Sep 15 2023

Written by The Mortgage Leader

U.S. long-term mortgage rates have remained above 7% for five consecutive weeks amid ongoing inflation concerns. So reports CNN.

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 7.18% as of September 14, up from 7.12% a week earlier and 6.02% a year before.

Freddie Mac’s chief economist, Sam Khater, cited a robust economy and resurgent inflation.

Read 783 times

Rate this item

(0 votes)