Reported about 6 hours ago
The average rate for a 30-year U.S. mortgage has increased to 6.22% after four weeks of decline, according to Freddie Mac. This rise follows a period where rates fell to the lowest level in over a year. Increased borrowing costs on 15-year fixed mortgages and various economic factors, including Federal Reserve policies and inflation, are influencing these mortgage rates, which have remained above 6% since September 2022, affecting the housing market and refinancing activities.
Source: YAHOO