Cost of Buying a Home Hits Record High as Mortgage Rates Jump in U.S.
23 April 2024
This past week, the average daily mortgage rate climbed to over 7.4%, marking its highest point since last November 2023, influenced by an unexpectedly high inflation report and confirmation from the Federal Reserve that interest rate reductions would be postponed. Concurrently, home prices have also ascended, with the median sale price of U.S. homes rising […]
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