(Bloomberg) -- Mortgage rates in the US climbed for a fifth week, ratcheting up the pressure on homebuyers.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaHuawei Secretly Backs US Research, Awarding Millions in PrizesTurkey Halts All Trade With Israel Over War in GazaThe average for a 30-year, fixed loan was 7.22%, up from 7.17% last week,
Spring has undeniably been the best time to put your home on the market. The ideal weather displays homes in the best light and the timing makes it a more favorable season for people to move, especially with the end of the school year.
Mortgage rates rose again this week, with the average 30-year fixed-rate note climbing further past 7% in another blow to the struggling housing market.