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13.10 - 17:46
Mortgage Rates Rise to 6.7%, Highest Since 2007
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Mortgage rates rose to their highest level in more than 15 years, a new postcrisis high that adds pressure to the already cooling U.S. housing market.
The average rate on a 30-year fixed mortgage climbed to 6.7%, according to a survey of lenders released Thursday by Freddie Mac. lt was the highest rate since July 2007. A year ago, rates were 3.01%.
Read more on wsj.comAbout this in other media
Inflation Report Seals Case for 0.75-Point Fed Rate Rise in November wsj.com /2 years ago
Barratt reports slump in new home orders as mortgage rates rise theguardian.com /2 years ago
Fed on Track for Another Large Rate Rise After Jobs Report wsj.com /2 years ago
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