Average long-term US mortgage rates rise this week to 6.94%

A home for sale is seen on Dec. 8, 2020, in Orlando, Fla. Sales of previously occupied U.S. homes fell in September 2022 for the eighth month in a row, matching the pre-pandemic sales pace from 10 years ago, as house hunters faced sharply higher mortgage rates, higher home prices and a still tight supply of properties on the market. (John Raoux/AP)

A home for sale is seen on Dec. 8, 2020, in Orlando, Fla. Sales of previously occupied U.S. homes fell in September 2022 for the eighth month in a row, matching the pre-pandemic sales pace from 10 years ago, as house hunters faced sharply higher mortgage rates, higher home prices and a still tight supply of properties on the market. (John Raoux/AP)

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