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Mortgage rates jump to highest level in almost a year

Housing & Real EstateInterest Rates & YieldsEconomic Data
Mortgage rates jump to highest level in almost a year

Freddie Mac data show the average 30-year fixed mortgage rate rose to 6.55% this week from 6.49% last week (+6 bps). The modest increase suggests slightly tighter financing conditions for housing demand, which may weigh on the real-estate sector near term.

Analysis

Freddie Mac data show the average 30-year fixed mortgage rate rose to 6.55% this week from 6.49% last week (+6 bps). The modest increase suggests slightly tighter financing conditions for housing demand, which may weigh on the real-estate sector near term.

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mildly negative

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