Reported about 4 hours ago
Mortgage rates have risen by 20 basis points, marking a significant increase. Economist Lawrence Yun explains that while the Federal Reserve's actions influence rates, they do not directly control them. He suggests that the current rate of 6% may become typical, despite being lower than rates seen last spring and last year. Yun also notes a gradual return of inventory in the housing market as people continue to buy and sell homes.
Source: YAHOO