Mortgage Rates Increase to 5%
The mortgage rates in the U.S. increased to 5% for the first time in 11 years.
U.S. Home Sales Rose 6.7%
United Sales home sales rose 6.7% after potential buyers rushed to purchase properties from the record low inventory of homes on the market and increasing mortgage rates.
Mortgage Rates Are at the Highest Levels in Almost 2 Years
Mortgage rates rose to 3.22%, which are at their highest levels since Spring 2020.