Update: 30-year fixed mortgage rate tops 7% for the first time in over a year

A report from CNBC — Top News focuses on “Update: 30-year fixed mortgage rate tops 7% for the first time in over a year” and sets out the main development contained in the supplied source material.

The available account reports that the average rate on the 30-year fixed mortgage crossed over 7% for the first time in more than a year, as home prices continue to rise and sales drop.

Any statements, estimates or characterisations remain attributed to the people or organisations identified by the source. The excerpt alone does not provide a complete documentary record or necessarily include responses from every party involved.

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