The housing market is Biden’s next target in his war against the American economy.
The Daily Mail reported on the increase in rates and decline in home sales.
The average interest rate on US home loans has hit its highest level since 2006, as the Federal Reserve‘s rate hikes to fight inflation continue to raise borrowing costs for homebuyers.
The average rate on a 30-year fixed rate mortgage hit 6.81 percent for the week ending October 7, the eighth straight weekly increase, the Mortgage Bankers Association (MBA) said on Wednesday.
The Daily Mail reported on the increase in rates and decline in home sales.
The average interest rate on US home loans has hit its highest level since 2006, as the Federal Reserve‘s rate hikes to fight inflation continue to raise borrowing costs for homebuyers.
The average rate on a 30-year fixed rate mortgage hit 6.81 percent for the week ending October 7, the eighth straight weekly increase, the Mortgage Bankers Association (MBA) said on Wednesday.
