US mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing market

[Guno צְבִי]

Home shoppers holding out for relief from rising mortgage rates may be in for a long wait.

The weekly average rate on a 30-year fixed-rate home loan has been rising for months and this week climbed to just below 7% — its highest level in over 19 months.


Higher mortgage rates can add hundreds of dollars a month to borrowers’ costs, limiting homebuyers’ purchasing power. As rates rise, that can also lead prospective home shoppers to delay buying.

https://apnews.com/article/mortgage-rates-housing-interest-financing-home-d57cc5a38163cfef3a7b2639dd3d8d7c?user_email=f7d952a6a08a463e798dff84b5d62324b1ea7d837c6f39d1c837512a008ba275&utm_medium=Afternoon&utm_source=Sailthru_AP&utm_campaign=Afternoon%20Wire%20recurring%202026-09-17&utm_term=Afternoon%20Wire

 

[Sailor]

Home shoppers holding out for relief from rising mortgage rates may be in for a long wait.

The weekly average rate on a 30-year fixed-rate home loan has been rising for months and this week climbed to just below 7% — its highest level in over 19 months.


Higher mortgage rates can add hundreds of dollars a month to borrowers’ costs, limiting homebuyers’ purchasing power. As rates rise, that can also lead prospective home shoppers to delay buying.

https://apnews.com/article/mortgage-rates-housing-interest-financing-home-d57cc5a38163cfef3a7b2639dd3d8d7c?user_email=f7d952a6a08a463e798dff84b5d62324b1ea7d837c6f39d1c837512a008ba275&utm_medium=Afternoon&utm_source=Sailthru_AP&utm_campaign=Afternoon%20Wire%20recurring%202026-09-17&utm_term=Afternoon%20Wire

Yawn. If you cannot buy a house for cash or have it paid off in a year's you should not even be looking. You are already permanent rental hitch bait.

 

[Walt]

Yawn. If you cannot buy a house for cash or have it paid off in a year's you should not even be looking. You are already permanent rental hitch bait.

Cash??? You commie. You should be required to only buy a house with gold bars. If you cannot carry the gold to the house, no buyee the house. In fact, if you cannot carry the gold from the Charles River to the Kennedy Center, you should not be able to buy a house. The Kennedy Center is right on the Charles River, right Sailor?

 

[Cypress]

Overall, the economy seemed better in January 2025 when Biden left office.