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The average 30-year mortgage loan rose to 3.1 percent from 2.98 percent last week, Freddie Mac said Thursday.
Long-term interest rates in the United States soared this week, with the 30-year-old high interest rate returning to 3 percent.
Buyer Freddie Mac also said Thursday that the median interest rate over the 30-year mortgage rate jumped to 3.1 percent from 2.98 percent last week. Last year at that time the figure was 2.72 percent.
The 15-year mortgage rate, which is known by homeowners repaying their mortgages, rose to 2.39 percent from 2.27 percent last week. It stood at 2.28 percent last year.
As the labor market thrives and the demand for goods and services continues, the U.S. Federal Reserve earlier this month said it would keep its interest rate close to zero but start re-singing the boost it has provided since the start of the coronavirus epidemic. last year.
Strong consumer demand and the constant supply of consumer goods have caused prices to rise in almost everything, reducing the recent benefits of wages and wages for workers. The government said last week that U.S. consumer prices rose 6.2 percent in October compared to the previous year, leading to higher inflation prices since 1990.
The housing market has collapsed due to a lack of resources even before the epidemic began in early 2020. Property shortages, as well as equipment shortages and staff shortages, have raised new and existing prices by 10 percent last year. about 33 percent in some areas of the West.
Despite the low interest rates in history, the shortage of items combined with rising house prices has left many consumers feeling empty.
Earlier on Thursday, the U.S. Department of Labor announced that the number of people applying for unemployment in the United States had dropped by seven weeks to a staggering 268,000. As of April 2020, employers have hired more than 18 million people, including 531,000 last month. But the US economy is still unemployed with more than four million jobs since February last year.
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