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The San Antonio

Struggling US homebuyers, and market, face new hurdles as mortgage rates brush 7%

Struggling US homebuyers, and market, face new hurdles as mortgage rates brush 7%
Photo: KSAT 12 (ABC affiliate) · view original

Home shoppers holding out for relief from rising mortgage rates may be in for a long wait. The weekly average rate on a 30-year fixed-rate home loan has been rising for months and this week climbed to just below 7% — its highest level in over 19 months. The benchmark 30-year fixed rate mortgage r...

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