U.S. Mortgage Rates Rise for Fourth Straight Week to Highest Level in Two Months, Impacting Housing Affordability
U.S. mortgage rates rose for the fourth straight week to their highest level in two months, dealing a major blow to housing affordability. The 30-year fixed-rate mortgage increased and averaged 6.94% as of Feb. 29, according to data released by Freddie Mac FMCC,+0,92%THURSDAY. This is an increase of 4 basis points from the previous week … Read more