Mortgage Rates in US Rise, Climbing the Most Since October
- Spring selling season may be busier than 2023, economist says
- Rate on a 30-year loan is at highest since middle of December
The average for a 30-year, fixed loan was 6.69%, up from 6.6% last week, Freddie Mac said in a statement Thursday.
Photographer: Dustin Chambers/BloombergMortgage rates in the US rose the most since October as potential buyers face affordability challenges in the housing market.
The average for a 30-year, fixed loan was 6.69%, up from 6.6% last week, Freddie Mac said in a statement Thursday. It was the biggest weekly jump since late October, putting the average rate back near the highest since the middle of December.