Lates News

Mortgage rates in the United States have been rising for the fifth consecutive week, disappointing expectations for the upcoming key spring homebuying season. The average rate for a 30-year fixed mortgage is 6.46%, the highest since early September and up from 6.38% last week. The real estate market is entering its peak season for transactions, but concerns over the economy may hinder both buyers and sellers. Rising energy prices due to the war in Iran have sparked inflation concerns, while advancements in artificial intelligence have created uncertainty about employment. For many Americans, home prices remain out of reach.