Claims extracted
21
sentences that state something as happening or true
Uncertain
14%
3 of 21 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
67/100
ABC News (US)'s corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Average long-term US mortgage rate rises to highest level in nearly 3 years
Mortgage rates marched higher for the seventh week in a row, driving the average long-term U.S. home loan rate to its highest level in nearly three years
Mortgage rates marched higher for the seventh week in a row, driving the average long-term U.S. home loan rate to its highest level in nearly three years.
asserted
rates → rise → years
The benchmark 30-year fixed-rate mortgage climbed to 7.40% from 7.28% last week, mortgage buyer Freddie Mac said Thursday.
asserted
Mac → fix → %
The housing market has been stuck in a rut this year in large part because of rising mortgage rates, which can add hundreds of dollars a month in costs for borrowers, limiting homebuyers’ purchasing power and prompting many to put off buying a home.
asserted
which → stick → home
Borrowing costs on 15-year fixed-rate mortgages, often sought by borrowers refinancing a home loan, also rose this week.
asserted
costs → fix → loan
That average rate increased to 6.73% from 6.60% last week.
asserted
rate → increase → %
Mortgage rates have been climbing in the months since the start of the U.S. war with Iran in late February.
asserted
rates → climb → February
The recent run-up in rates also reflects heightened bond market volatility as surging oil prices due to the war fuel inflation worries.
asserted
prices → reflect → worries
Rates on home loans are influenced by inflation, Federal Reserve policy and bond-market investors’ expectations for the economy, among other factors.
asserted
Rates → influence → factors
They generally follow the trajectory of the 10-year Treasury yield, which lenders use as a guide to pricing home loans.
asserted
lenders → follow → loans
The 10-year Treasury yield has risen to its highest level since 2002 because of worries about high inflation, big government debt loads and other factors.
asserted
yield → rise → inflation
That's well above its 3.97% level from before the war with Iran began.
asserted
war → begin → Iran
In late February, the average rate on a 30-year mortgage briefly dipped to 5.98%, its lowest level going back to late 2022.
asserted
level → dip → 2022
The 1.42 percentage point increase in the rate since then translates roughly into an additional monthly cost of $376 for a borrower financing a $400,000 home loan at the current average rate.
asserted
increase → translate → rate
Depending on a borrower’s income, credit and other factors, they may qualify for a rate on a 30-year mortgage that is below or above the current average.
uncertain
that → depend → average
The U.S. housing market has been in a slump since 2022, when mortgage rates began to climb from pandemic-era lows.
asserted
rates → begin → lows
Sales of previously occupied U.S. homes were essentially flat last year, stuck at a 30-year low.
asserted
Sales → occupy → low
Last month, the National Association of Realtors said that existing home sales fell 2% in August from July to a seasonally adjusted annual rate of 3.98 million units.
asserted
sales → say → units
The sharp rise in mortgage rates has many would-be homebuyers putting their home shopping plans on hold.
asserted
homebuyers → have → hold
Mortgage applications, which include loans to buy a home or refinance an existing mortgage, fell for the fifth week in a row last week as mortgage rates kept climbing, according to the Mortgage Bankers Association.
uncertain
rates → include → Association
Higher rates are also keeping many homeowners from refinancing their existing mortgage.
asserted
rates → keep → mortgage
Home loan refinance applications fell last week to their lowest level since January 2025 and were less than half last year’s pace, according to the MBA.
uncertain
applications → fall → MBA
The Aporia
