Average US Long-Term Mortgage Rate Rises to 6.3%
The average long-term U.S. mortgage rate increased to 6.3%, ending a three-week decline. This rise comes amid the spring homebuying season and is influenced by factors such as the Federal Reserve's interest rate policy and bond market expectations. The 30-year fixed-rate mortgage rate is still lower than the same period last year.
Topics: bond yields economic impact Federal Reserve housing market interest rates mortgage rates