US home buyers face new pressure as mortgage rates hit 9-month high & more related News Here
Rising mortgage rates are putting pressure on the U.S. housing market, with the average long-term home loan rate reaching its highest level in nine months and affordability for buyers further weakening, the AP reports.Freddie Mac said Thursday the average rate on a 30-year fixed mortgage rose to 6.53 percent from 6.51 percent last week. A…