Mortgage Rates Reverse Course, Climbing to Near 3.1% After Long Decline

Mortgage Rates Reverse Course, Climbing to Near 3.1% After Long Decline

Rebecca Adams
Rebecca Adams•
• 1 Min.
Poster with a two-story house featuring a red roof and white walls, and bold black text reading "Here's how the inflation reduction act will lower your energy bills."

Mortgage Rates Reverse Course, Climbing to Near 3.1% After Long Decline

The war in the Middle East and rising inflation have already triggered the first increase in mortgage interest rates in over two years. Rates have climbed to nearly 3.1%, reversing the downward trend that began in early 2024.

Every Friday, journalist Rita Neves breaks down the key developments in the real estate market, featuring insights from industry experts and leading figures. "Key in Hand," the Expresso podcast with 15-minute episodes.

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