Mortgage rates jumped higher on Monday following Moody's downgrade of U.S. debt, adding to the headwinds facing homebuyers.

The average rate on a 30-year fixed mortgage hit 7.04% on Monday, its highest level since April 11. These are today's ...

Long-term mortgage rates rose this week, but remained below the 7% level for the 18th consecutive week, said the latest ...

Rates on 30-year refi mortgages jumped several points—triggered by bond prices that soared Wednesday in response to President ...

Mortgage rates surged after the credit-rating agency Moody’s downgraded U.S. debt. Moody’s cut the U.S.’s sovereign credit rating from AAA to Aa1. It was the last of the major credit-rating ...

Mortgage rates rose in the past week, but even as they remain close to 7%, there’s little evidence ... to exit a mortgage when interest rates rise. Meanwhile, U.S. borrowers are stuck with ...

Year over year, the MBA refinance index was up 111% while the purchase index was only up 7% ... mortgage rates. In a competitive housing market with high demand, mortgage rates may rise, while ...

After hitting a peak of ... rate mortgage sits at 6.62%. While it will not be smooth, NAHB anticipates the 30-year mortgage rate to average around this rate by the end of 2025, and just above ...

Rates in the high 6% range seem to be suppressing demand for homes. Applications for mortgages have slumped in each of the past two weeks, according to data from the Mortgage Bankers Association.

The average interest rate for a 30-year mortgage jumped back above the 7% threshold on Monday, with the increase coming after Moody's downgraded the U.S. credit rating on Friday over concerns ...

That pushed the 30-year fixed-rate mortgage up 12 basis points to 7.04%, according to Mortgage News Daily. Moody's (MCO) cited an increase in government debt and interest-payment ratios that were ...