U.S. Mortgage Rates Climb Near 7% Amid Spring Homebuying Season
Amidst the onset of the spring homebuying season, the average long-term U.S. mortgage rate has surged back to nearly 7%, inching close to its level two weeks prior, thereby impacting borrowing costs for prospective homebuyers. According to data from Freddie Mac released on Thursday, the average rate on a 30-year mortgage escalated to 6.87% from […]