Mortgage rates climb toward 7% after America's credit rating was downgraded | CNN Business
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US mortgage rates jumped this week, climbing closer to 7%. The move follows last week’s rate hike from the Federal Reserve, and the downgrade this week by Fitch Ratings agency of US sovereign debt, and of Freddie Mac and Fannie Mae.

US mortgage rates jumped this week, climbing closer to 7%. The move follows last week’s rate hike from the Federal Reserve, and the downgrade this week by Fitch Ratings agency of US sovereign debt, and of Freddie Mac and Fannie Mae.

    • Tygr@lemmy.world
      7·
      11 months ago

      Yes they did. We visited 6.5% land for a while. I locked a lot of clients then to take advantage of it.

        • Tygr@lemmy.world
          3·
          11 months ago

          I can’t really respond with my thoughts here because I’m licensed in four states and all of them are experiencing different shifts in real estate, which I find odd.

          California listings are selling quick while Utah is taking a long time to get sold. Just an example.