Mortgage Rates in the US Rise for First Time in Seven Weeks
- Homes are lingering on the market as buyers take their time
- While inflation is cooling, Fed rate hikes likely to continue
Residential homes in Teaneck, New Jersey.
Photographer: Yuvraj Khanna/BloombergThis article is for subscribers only.
Mortgage rates in the US rose for the first time since mid-November.
The average for a 30-year, fixed loan was 6.42%, the highest since early this month and up from 6.27% last week, Freddie Mac said in a statement Thursday.