United States: Mortgage rates at their highest since 2008

(Reuters) – The average interest rate on the most popular home loans in the United States hit its highest level since October 2008, statistics released on Wednesday by the Mortgage Bankers Association (MBA), the main federation of mortgage institutions, showed. specialized credit.

The average rate for a 30-year fixed-rate loan, which has risen sharply in recent months with the hike in Federal Reserve interest rates and Treasury bond yields, gained 24 basis points during the week. on September 16 to reach 6.25%, a level it had not reached for almost 14 years.

The MBA specifies that its index measuring the volume of mortgage loan applications, despite an increase of 3.8% in one week, remains down over one year.

The credit refinancing index rebounded 10.4% from one week to the next but fell 82.7% compared to last year.

(Written by Lindsay Dunsmuir, French version Marc Angrand, editing by Kate Entringer)

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