14.3 C
New York
Sunday, October 2, 2022

Buy now


US Mortgage Rates Climb Above 6% for First Time Since 2008

“Mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week,” Sam Khater, Freddie Mac’s chief economist, said in the statement. “Although the increase in rates will continue to dampen demand and put downward pressure on home prices, inventory remains inadequate. This indicates that while home price declines will likely continue, they should not be large.”

Source link

Related Articles

Stay Connected

- Advertisement -spot_img

Latest Articles