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Mortgage rates snap three-week pullback, average rate on 30-year loan back above 7%
![Mortgage rates snap three-week pullback, average rate on 30-year loan back above 7% 1 Newsdaily1](http://i0.wp.com/en.newsdailyarabic.com/wp-content/uploads/2022/05/Newsdaily1.png?resize=512%2C470&ssl=1)
The average rate on a 30-year mortgage moved back above 7% this week, a setback for home shoppers at a time when the U.S. housing market is already slowing under the strain of elevated home loan borrowing costs and rising pricesRead More Business