May 23, 2026
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home buying

US Mortgage Rates Climb to Nine-Month High, Challenging Spring Homebuyers

US Mortgage Rates Climb to Nine-Month High, Challenging Spring Homebuyers

Business News Desk03 mins mins

Rising Borrowing Costs Impact the Spring Market The average long-term U.S. mortgage rate climbed to a nine-month high this week, significantly elevating borrowing costs for prospective homebuyers during the critical spring real estate season. According to data released by Freddie Mac on Thursday, the average rate for a 30-year fixed mortgage surged to 6.51 percent,…

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The 10 Most Affordable U.S. Cities to Buy a Home

The 10 Most Affordable U.S. Cities to Buy a Home

Business News Desk03 mins mins

Homebuyers seeking relief from record-high mortgage rates and soaring property values are increasingly turning to midsize cities across the Rust Belt and the Sun Belt, according to a recent analysis of national housing markets. The report identifies ten specific U.S. metropolitan areas where median home prices remain significantly below the national average, offering a rare…

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