Real Estate
US Mortgage Rates Climb for Third Straight Week, Reaching 6.5%
- Average for 30-year, fixed mortgage hit highest since November
- Economist says risk of ‘sticky’ inflation is affecting rates
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Mortgage rates in the US rose to the highest level since November, ramping up the pressure on potential homebuyers.
The average for a 30-year, fixed loan was 6.5%, up from 6.32% last week, Freddie Mac said in a statement Thursday. That marks a third straight week of increases.