Titanium Media App reported on August 25 that U.S. mortgage/mortgage loan interest rates soared to the highest level since June, adding to the pressure on the housing market. Freddie Mac said in a statement on Thursday that the average 30-year mortgage rate rose to 5.55% from 5.13% last week. If the weekly rate increase of 55 basis points in mid-June is not included, this time the mortgage rate increase is the same as that in 2013. biggest ever. High home prices and rising mortgage rates this year have driven back many potential buyers, and transactions have cooled rapidly, hitting the entire real estate sector. "Rising mortgage rates and slowing economic growth are weighing on the housing market," Freddie Mac chief economist Sam Khater said in a statement. "Residential sales continue to decline, prices are slowing and consumer confidence is subdued. However, there are still potential homebuyers waiting to re-enter the market amid falling demand."
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