7.7 C
London
Friday, May 23, 2025

US mortgage rates hit 14-year high as inflation soars

“Rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding 6% for the first time since late 2008,” said Sam Khater, chief economist at Freddie Mac, the government-sponsored mortgage firm that released the interest rate data.

Source: BBC

Latest news
Related news

LEAVE A REPLY

Please enter your comment!
Please enter your name here