Mortgage Rates Clinch Fifth Consecutive Weekly Rise, Crossing 7.26% and Testing Homebuyer Resilience
WASHINGTON — The economic pressures squeezing prospective American homebuyers intensified once again as average mortgage rates climbed for the fifth consecutive week. Propelled by a turbulent bond market, stubbornly persistent inflation, and heavy government and corporate borrowing, the cost of borrowing for a home purchase has reached heights not consistently seen in decades. For everyday…
