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Home / Average long-term U.S. mortgage rate jumps above 7 per cent this week

Average long-term U.S. mortgage rate jumps above 7 per cent this week

Posted on October 27, 2022October 27, 2022 by admin

The average long-term U.S. mortgage rate topped 7% for the first time in more than two decades this week, a result of the Federal Reserve’s aggressive rate hikes intended to tame inflation not seen in some 40 years.
Source: ctv business
Average long-term U.S. mortgage rate jumps above 7 per cent this week

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