Ouch! Higher Mortgage Rates Exacerbate Housing Slump

Freddie Mac says that the average rate for 30-year fixed mortgages was 6.74% on June 14. That's up from 6.15% on May 10. Fred's chief economist, Frank Nothaft, said (in a press release):

Freddie Mac says that the average rate for 30-year fixed mortgages was 6.74% on June 14. That’s up from 6.15% on May 10. Fred’s chief economist, Frank Nothaft, said (in a press release):

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