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Lance Lambert: U.S. 30-year mortgage rate rises to 7.17 percent

Lance Lambert: U.S. 30-year mortgage rate rises to 7.17 percent
U.S. mortgage rate climbs to 7.17 percent

Lance Lambert reports that the average U.S. 30-year fixed mortgage rate has reached 7.17 percent, marking another 52-week high. On the same day last year, the rate stood at 6.29 percent.

The 10-year Treasury yield is now 4.96 percent, with a spread of 221 basis points.

Lambert previously reported that Roam closed its public marketplace for assumable mortgages as balances on 3% loans declined /news/market-voices/show/3172290-roam-exits-mortgage-market/. Earlier this year, he also covered Roam’s exit from its platform that matched homebuyers with assumable eligible mortgages /news/market-voices/show/3157900-roam-ends-assumable-market/. These developments follow sustained demand for lower-rate home loans.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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