US Five-Year Adjustable-Rate Mortgage Reaches Highest Since 2011

The average rate on a five-year adjustable mortgage jumped last week to the highest level in at least 12 years and fixed-rate mortgages also climbed, suggesting persistent housing affordability challenges. #press

https://www.bloomberg.com/news/articles/2023-09-13/us-five-year-adjustable-rate-mortgage-reaches-highest-since-2011?utm_source=press.coop

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