Average Long-Term U.S. Mortgage Rate Climbs to 7.09% This Week to Highest Level in More Than 20 Years

Associated Press, Aug. 17, 2023-Matt Ott and Alex Veiga
The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, pushing up borrowing costs for homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.