US 30-yr fixed rate mortgage averages 6.09% in Jan 22 week vs 6.06% prior week
Newsquawk Staff ·
US 30-yr fixed rate mortgage averages 6.09% in Jan 22 week vs 6.06% prior week.
What it means
The slight increase in the US 30-year fixed mortgage average to 6.09% from 6.06% suggests a continued upward trend in borrowing costs, which may dampen housing market activity. This data reinforces concerns about the affordability of homes and could influence Federal Reserve policy as they assess growth and inflation dynamics.
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