Episode Details

U.S. mortgage rates surge to highest point in three months, impacting spring homebuyers. The average thirty-year fixed rate climbs to 6.22%, while the fifteen-year fixed rate rises slightly to 5.54%. Factors driving these increases include rising oil prices and worries about higher inflation, pushing bond yields and mortgage rates higher. Despite recent upticks, the housing market remains sluggish, with existing home sales stuck near a four million annual pace.

Support the show:
Get a discount at https://solipillow.com/discount/dnn.

Advertise on DNN:
advertise@thednn.ai

This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.

View sources & latest updates:
https://sources.thednn.ai/8be77a1c34f7b202