Mortgage rates jumped higher on Monday following Moody's downgrade of U.S. debt, adding to the headwinds facing homebuyers.

The average rate on a 30-year fixed mortgage hit 7.04% on Monday, its highest level since April 11. These are today's ...

Mortgage rates surged after the credit-rating agency Moody’s downgraded U.S. debt. Moody’s cut the U.S.’s sovereign credit rating from AAA to Aa1. It was the last of the major credit-rating ...

The rate on the 30-year mortgage, the most popular home loan in the United States, jumped to 7.04 percent this week ... persistent inflation and a potential rise in debt and deficits stemming ...

Year over year, the MBA refinance index was up 111% while the purchase index was only up 7% ... mortgage rates. In a competitive housing market with high demand, mortgage rates may rise, while ...

Mortgage rates hit 7% for the first time since May 2024 on Thursday, providing another drag in an already tough housing market. The climbing mortgage rates come even after the Federal Reserve cut ...

mortgage rates have been on the rise. In early 2022, the average 30-year fixed rate was 4.72% and the 15-year fixed rate was 3.91%. Rates reached a recent peak in late 2023 at 7.79% for 30-year ...

Mortgage rates rose in the past week, but even as they remain close to 7%, there’s little evidence ... to exit a mortgage when interest rates rise. Meanwhile, U.S. borrowers are stuck with ...

After hitting a peak of ... rate mortgage sits at 6.62%. While it will not be smooth, NAHB anticipates the 30-year mortgage rate to average around this rate by the end of 2025, and just above ...

Mortgage rates rose toward 7%, hitting the highest level ... finance firm Freddie Mac. It was just above 6.5% last week. Rates have been on the rise over the past month, keeping the housing ...