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Associated Press News

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Business & Economics

Average US rate on a 30-year mortgage climbs to 6.83%, highest level since late February

Associated Press News
Summary
Nutrition label

84% Informative

The average rate on a 30-year mortgage in the U.S. climbed to 6.83% from 6.62% last week .

The increase in mortgage rates may put off some would-be homebuyers during the busiest period of the year for home sales.

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose.

VR Score

91

Informative language

94

Neutral language

66

Article tone

semi-formal

Language

English

Language complexity

43

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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no affiliate links

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