Mortgage rates hit their highest level in a year, driven by war and inflation concerns
Mortgage rates have climbed to their highest point in a year, with the 30-year fixed-rate mortgage averaging 6.66% as of Thursday. The surge is primarily attributed to ongoing concerns about geopolitical conflict and persistent inflation pressures. This significant increase is likely to impact housing affordability and borrowing costs for homebuyers.
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Mortgage rates hit their highest level in a year, driven by war and inflation concerns
Mortgage rates have climbed to their highest point in a year, with the 30-year fixed-rate mortgage averaging 6.66% as of Thursday. The surge is primarily attributed to ongoing concerns about geopolitical conflict and persistent inflation pressures. This significant increase is likely to impact housing affordability and borrowing costs for homebuyers.
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