US Mortgage Rates Reach 7.5%; Home-Buying Slump Hits Sixth Week
US mortgage rates continue to rise, pushing down home purchasing activity for a sixth straight week. The MBA’s purchase index dropped 4%, marking the sixth straight weekly decline — the...
By Bloomberg Markets · Bloomberg Markets
US mortgage rates continue to rise, pushing down home purchasing activity for a sixth straight week. The MBA’s purchase index dropped 4%, marking the sixth straight weekly decline — the longest such stretch since July-August 2023. Bloomberg's Jeff Langbaum joins to discuss. (Source: Bloomberg)