Mortgage Rates Jump After U.S. Loses Top Credit Rating — What It Means for Your Home Loan

Mortgage rates went up this week after the U.S. lost its top credit rating. This means it might cost more for people to borrow money to buy a house. The average interest rate for a 30-year home loan is now about 6.86%, a little higher than last week. A company called Moody’s said the U.S. … Continue reading Mortgage Rates Jump After U.S. Loses Top Credit Rating — What It Means for Your Home Loan