The 30-year mortgage rate hits 7.48%, the highest level since 2000

David Paul Morris / Bloomberg via Getty Images fileMortgage interest rates continue to climb, putting homeownership further out of reach for many potential buyers.— the highest level November 2000.Mortgage rates have nearly tripled in the span of just a couple years from the lows seen during the height of the pandemic. As recently as January 2021, the average 30-year rate had dipped to 2.65%.

Demand for bonds is also being affected by the U.S. government's ongoing borrowing efforts: As deficits increase, so does the supply of Treasury debt on the market — and greater supply means lower prices. Bond yields increase when prices go down.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mortgage rates continue to climb, reach highest level since 2000Mortgage rates are pushing even higher this week and are now clocking in at their highest level since the turn of the century.
Source: dcexaminer - 🏆 6. / 94 Read more »

Mortgage rates hit their highest point since 2000Mortgage rates hit the highest level since the end of 2000, and that is crushing affordability for potential homebuyers.
Source: NBCNewYork - 🏆 270. / 63 Read more »

What are today's mortgage and mortgage refinance interest rates?Knowing today's mortgage rates can help new homebuyers and homeowners looking to refinance lock in a good deal.
Source: CBSNews - 🏆 87. / 68 Read more »