US Mortgage Rates Dip After Weeks of Climbing, But Remain Above 7%
TL;DR Summary
US mortgage rates have dropped after five consecutive weeks of climbing, but they still remain above 7%. This decrease in rates may provide some relief for homebuyers who have been facing rising interest rates in recent weeks.
- US mortgage rates drop after five weeks of climbing, but stay over 7% CNN
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- The average long-term US mortgage rate fell to 7.18% this week, easing from more than 20-year high AOL
- Looking for today’s biggest mortgage rate savings? Try 15-year terms | August 31, 2023 Fox Business
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