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Fannie Mae announced that the average interest rate for 30-year fixed mortgage loans in the United States has risen to 6.95%, up from 6.76% a week ago and for the first time since January 2025. After the Federal Reserve raised interest rates by 25 basis points, the market expects that borrowing costs will not significantly decrease in the short term. The Intercontinental Exchange estimates that the mortgage expenditure of a typical household purchasing a $440000 home accounts for 31% of the median income, the highest level since July 2025, and the confidence index of residential builders has fallen to the lowest level in a year.