Mortgage rates continued to climb this week, adding further pressure to the cooling housing market as more Americans are priced out of buying homes.
Freddie Mac reported Thursday that the average rate for the benchmark 30-year fixed mortgage jumped to 7.63%, up from 7.57% last week and from 6.94% a year ago.
The rate for a 15-year mortgage also climbed, averaging 6.92% after…
This story from foxbusiness.com was posted on 2023-10-19 by @petalfl.