Mortgage interest rates hit 5% for the first time in a decade. That’s great news.

Posted on AllSides April 6th, 2022
From The Center

After falling to historic lows last year, mortgage rates are rising sharply. On April 5, they hit their highest point in more than a decade with the average US interest rate for a 30-year fixed-rate mortgage topping 5%, up from under 3% just a year ago.

Housing industry experts argue it’s a good thing for the red-hot US housing market. After nearly two years of an exceptionally expensive, exceptionally fast-moving market, analysts say higher mortgage rates are just what’s needed to cool things down. These higher rates are expected to slow demand and temper home...

Read full story
Some content from this outlet may be limited or behind a paywall.


AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
See full bias rating for Quartz
Learn about media bias

More News about Housing and Homelessness from the Left, Center and Right

From the Left

From the Center

From the Right