Mortgage rates climb above 7% for 1st time in 8 months
The average rate on a 30-year fixed mortgage has stayed above 7% for the past week, its highest level in six months. Soaring borrowing costs led to sharp drops in homebuying throughout 2024 ...
The notes were awarded at 4.680%, 2 basis point below the expected yield, or when-issue rate, of 4.678%, but well above the 4.235% high seen in the prior auction. The bid to cover ratio ...
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