U.S. mortgage charges hit six-month excessive, potential homebuyers could really feel the pinch

Investing.com — U.S. mortgage charges rose to a brand new six-month excessive this week, a growth that, coupled with excessive home costs, may additional restrict potential homebuyers, in accordance with Freddie Mac (OTC:FMCC) on Thursday.

The common rate of interest on the broadly used 30-year fixed-rate mortgage rose to six.93%, the very best fee since early July, Freddie Mac mentioned.

“The continued energy of the economic system has put upward strain on mortgage charges, and together with excessive house costs, continues to influence housing affordability,” in accordance with Sam Khater, Freddie Mac’s chief economist.

A yr in the past, throughout the identical interval, the typical fee was 6.66%.

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