Money
A $400,000 Mortgage Now Costs About $294 a Month More Than a Year Ago. Applications Have Fallen Five Weeks Running.
Freddie Mac's 30-year fixed rate averaged 7.40 per cent this week, up from 7.28 per cent and from 6.30 per cent a year ago. It is the highest since November 2023 and the seventh straight weekly rise. Buyers are responding by stepping back.
