Increase comes after Fed decision to raise interest rates, as Americans struggle with high prices and stagnant wages
US mortgage rates surpassed 7% for the first time since January 2025, according to federal lender Freddie Mac, aggravating a housing market that has endured years of high interest rates and low supply.
The increase comes after the US Federal Reserve hiked interest rates , which directly affect mortgage rates, for the first time since 2023, citing high inflation. Continue reading...