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Mortgage rates climb to 6.95%

Breck Dumas
·1 分鐘文章

Mortgage rates increased this week, approaching nearly 7% again as rates remain stubbornly high and continue to hinder the housing market.

Freddie Mac's latest Primary Mortgage Market Survey, released Wednesday, showed that the average rate on the benchmark 30-year fixed mortgage climbed to 6.95% this week from 6.86% last week. The average rate on a 30-year loan was 6.81% a year ago.

home for sale with clouds overhead
High interest rates continue to stall the housing market.

The average rate on the 15-year fixed mortgage also rose, jumping to 6.25% from 6.16% last week. One year ago, the rate on the 15-year fixed note averaged 6.24%.

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Original article source: Mortgage rates climb to 6.95%