Average long - term US mortgage rate holds at 7 . 4 %, remaining at highest level in nearly 3 years

The average long-term U.S. mortgage rate has held steady at 7.4%, maintaining its position at the highest level seen in nearly three years. The figures reflect ongoing conditions in the American housing and lending markets.

The persistence of these elevated borrowing costs continues to impact the broader economic landscape, keeping mortgage rates near multi-year highs for prospective homebuyers across the United States.