Michael Sasso

US mortgage rates climbed for a seventh straight week to their highest level in nearly three years, compounding the nation’s affordability problem.

Las tasas hipotecarias en Estados Unidos aumentaron por séptima semana consecutiva y alcanzaron su nivel más alto en casi tres años, agravando el problema de asequibilidad de la vivienda en el país.

The rising rates are compounding the nation’s housing affordability problem.

Sales of US existing homes rose in September for the first time in four months, although a surge in mortgage rates and high prices are set to keep activity depressed through the remainder of the year.

US mortgage rates continue to rise, pushing down home purchasing activity for a sixth straight week.

Home sales had shown signs of stabilizing prior to the recent run-up in mortgage rates. Data out Tuesday from the National Association of Realtors showed a slight increase in purchases of previously owned homes. However, those data are based on contract closings and mainly reflected contract signings prior to the latest surge in borrowing costs.

U.S. mortgage rates continue to rise, pushing down home purchasing activity for a sixth straight week.

President Donald Trump defended his decision to wield tariffs during a campaign rally in Georgia, saying they’ve made the US richer as he announced that Volkswagen AG agreed to build a new $4.2 billion Audi plant in the state.

President Donald Trump defended his decision to wield tariffs during a campaign rally in Georgia, saying they've made the U.S. richer as he announced that Volkswagen AG agreed to build a new $4.2 billion Audi plant in the state.

Sales of new homes in the US edged lower last month as homebuilders’ efforts to trim prices and offer sales incentives failed to offset a surge in mortgage rates.