The average long-term U.S. mortgage rate hit a three-month high this week, reflecting higher Treasury yields and expectations that the Federal Reserve will continue to raise its benchmark rate and keep it there until inflation recedes
Related Insights:
- UK inflation ‘eases slightly’ to 10.7%; but Hunt warns ‘wrong choices’ would prolong the pain – business live
- Markets rattled as hawkish Fed signals US rate rises coming – business live
- UK inflation soars to 10-year high of 5.1% as cost of living squeeze tightens – business live
- Federal Reserve announces biggest interest rate hike since 2000
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