As of December 2000, the average long-term US mortgage rate has increased to 7.49%.
The average long-term U.S. mortgage rate increased this week to its highest level since December 2000, driving up the cost of purchasing a home and further lowering the affordability prospects for many prospective homebuyers. According to mortgage buyer Freddie Mac, the average rate on the standard 30-year home loan increased to 7.49% from 7.31% last … Read more