Current location:Stellar Sights news portal > entertainment
Average long
Stellar Sights news portal2024-05-18 23:12:50【entertainment】5People have gathered around
IntroductionLOS ANGELES (AP) — Prospective homebuyers are facing higher costs to finance a home with the average
LOS ANGELES (AP) — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months.
The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.39%.
When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers, limiting how much they can afford at a time when the U.S. housing market remains constrained by relatively few homes for sale and rising home prices.
“As rates trend higher, potential homebuyers are deciding whether to buy before rates rise even more or hold off in hopes of decreases later in the year,” said Sam Khater, Freddie Mac’s chief economist. “Last week, purchase applications rose modestly, but it remains unclear how many homebuyers can withstand increasing rates in the future.”
Address of this article:http://southkorea.arnoldview.org/content-39c699281.html
Very good!(542)
Related articles
- Napheesa Collier scores 29 to help the Lynx beat the Storm 102
- US Fed keeps interest rates unchanged at 5.25
- Japan PM Kishida sends offering to notorious war
- Hainan's low
- Xi, Putin sign, issue joint statement on deepening China
- Venezuelan workers march to support president, slam US sanctions
- Hainan's low
- Jaguars counting on Arkansas' Cam Little to tee up new era following four
- Marcus Ericsson crashes in practice but still has no regrets headed into Indy 500
- US oil imports up, exports down last week
Popular articles
Recommended
EU probes Facebook, Instagram over child safety
DPRK top leader attends special concert by Chinese traditional orchestra
Wisconsin tries to regain supremacy in the trenches under its 4th O
House passes bill to expand definition of antisemitism amid growing campus protests over Gaza war
China's Shandong releases white paper on Yellow River Delta biodiversity
Landmark Google antitrust case ready to conclude
Midea reports 10% revenue increase in Q1
UCLA cancels all classes after overnight violence on campus
Links
- PGA Championship at a glance
- Arrests of US tourists in Turks and Caicos for carrying ammunition prompt plea from three governors
- Belarus targets opposition activists with raids and property seizures
- U.S. tariff hikes on Chinese products bound to backfire
- Argentina and Messi will play 2 warm
- Three soccer players arrested over alleged match
- Judge dismisses lawsuit by Georgia court candidate who sued to keep talking about abortion
- Three soccer players arrested over alleged match
- PGA Championship at a glance
- China's railway passenger trips surge 22.9 pct in Jan