Mortgage Rates in the US Rise for the First Time in Five Weeks
- Average for 30-year loans climbs to 6.95%, Freddie Mac says
- Economist expects rates to ‘moderately decrease’ later in year
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Mortgage rates in the US climbed for the first time since late May.
The average for a 30-year, fixed loan was 6.95%, up from 6.86% last week, Freddie Mac said in a statement Wednesday. The results include an adjustment for the Fourth of July holiday.