US mortgage rates hit highest level since May 2025
Applications for mortgages fell 4.1% as borrowing costs rose amid elevated inflation and energy prices.
US mortgage rates have reached their highest level since May 2025, according to reporting from Anadolu Agency. Applications for new mortgages declined 4.1% during the period, reflecting reduced demand as borrowing costs climbed.
Rising energy prices, elevated inflation, and concerns over monetary policy have contributed to the increase in borrowing costs, according to the report.
Sources
- US mortgage rate hits highest level since May 2025 — Anadolu Agency (Turkey)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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