US Mortgage Rates Hit Highest Level in a Year as Fed Uncertainty and Iran Tensions Loom
U.S. mortgage rates hit a one-year high as inflation fears and Fed outlook lift borrowing costs.
Mortgage rates (the cost to borrow money for a house) just reached their highest price in a year because people are worried about inflation and what the Federal Reserve will do next. When borrowing costs go up, people tend to buy fewer homes, which can affect companies connected to real estate and banks.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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