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US Mortgage rate s continued their upward trajectory this week, with the average 30-year fixed rate increasing to 7.4%, according to data from Freddie Mac. This is the highest level the key benchmark rate has reached since April 2002. JUST IN: 🇺🇸 Average 30-year fixed mortgage rate increases to 7.4%, highest since 2002. — Watcher.Guru (@WatcherGuru) August 17, 2023 One year ago, the average 30-year fixed Mortgage rate stood significantly lower at 5.13%. Rates have been on the rise since late May of this year when they first crossed above 6.5%. The surge in rates reflects a rapid shift in the macroeconomic environment. Also Read: BRICS Creating a New Currency to Replace US Dollar is Laughable Fed to blame for rising mortgage rates? The Fed eral Reserve has been aggressively raising its benchmark interest rate in an effort to combat high inflation . This has flowed through to US Mortgage rate s, which tend to increase with the direction of...

The U.S. Federal Reserve is set to roll out a fresh interest rate hike on March 22, and options traders could use this risk-averse strategy to generate profits. Like it or not, for crypto investors, the U.S. Federal Reserve policy on interest rate hikes and high inflation is the single most relevant measure for gauging demand for risk assets. By increasing the cost of capital, the Fed boosts the profitability of fixed-income instruments, but this is detrimental to the stock market, real estate, commodities and cryptocurrencies. One positive aspect of the Fed's meetings is that they are scheduled well in advance, so Bitcoin (BTC) traders can prepare for those. Federal Reserve policy decisions historically cause extreme intraday volatility in risk assets, but traders can use Derivatives instruments to yield optimal results as the Fed adjusts interest rates. Another challenge for traders is they face pressure from Bitcoin being highly correlated to equities. For example, the 50-da...