Mortgage interest rates in the US have risen to 6.25%

Federal Reserve continues to aggressively raise borrowing costs to control high inflation

[{ "selector": ".sweio-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-312px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

Interest rates have negative impact on the rate of interest of housing industry.

[{ "selector": ".qrjzo-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-314px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

The central bank is expected to increase interest rates by 0.75% for the third consecutive time.

[{ "selector": ".enaki-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-305px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

Rates increased due to anticipation of Fed Regulation.

[{ "selector": ".ispxs-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-322px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

The aggregate contract rate of interest for 30 year fixed rate mortgages increased to 6.25% from 6.01%.

[{ "selector": ".gilea-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-305px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

MBA reported that the amount of mortgage loan application improved by 3.8%.

[{ "selector": ".amsew-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-305px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }] Read