US mortgage rates reach highest level in nearly three years

Summarised from 2 outlets · Updated 2 Oct, 11:43 · Archive

The average long-term US mortgage rate has reached 7.28%, its highest level in nearly three years.

The average long-term US mortgage rate has jumped to 7.28%, its highest level in nearly three years, according to reports this week.

The increase marks a significant milestone for the US housing market, as mortgage rates have climbed steadily in recent months.

How it is being reported

• Average long-term U.S. mortgage rate churns upward to its highest level in nearly 3 years at 7.28%TribLIVE · 1 Oct, 18:05
• Average long-term U.S. mortgage rate churns upward to its highest level in nearly 3 years at 7.28%Pittsburgh Post-Gazette · 1 Oct, 17:40

In this story: United States

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem