Reported about 1 month ago
Mortgage rates have risen for the fourth week in a row, surpassing 6.5%, marking the highest levels since August. The average 30-year fixed rate is currently at 6.54%, influenced by increasing Treasury yields. This rise comes amidst a generally sluggish housing market, highlighted by a drop in existing home sales to their lowest since 2010, and decreased applications for refinancing and home purchases.
Source: YAHOO