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Reuters

Reuters

US 30-year mortgage rate tops 7%, highest since May 2024

Reuters
Summary
Nutrition label

80% Informative

The interest rate for the most popular U.S. home loan rose last week to an eight-month high of 7.09% , extending an upward trend that's squeezing would-be homebuyers.

The average contract rate on a 30-year fixed-rate mortgage rose 10 basis points in the week ended Jan. 10 .

It was the fifth straight weekly rise and puts the main home-loan rate nearly a full percentage point above where it was in September .

VR Score

92

Informative language

98

Neutral language

70

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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