Real Estate
Mortgage Rates in US Climb for Sixth Week to Highest Since July
- Purchase demand has been sensitive to rates, economist says
- Homebuyers are finding more properties listed for sale
Higher borrowing costs are discouraging potential homebuyers from jumping into the market.
Photographer: Rebecca Noble/BloombergThis article is for subscribers only.
Mortgage rates in the US increased to the highest level since July.
The average for a 30-year, fixed loan was 6.79%, up from 6.72% last week, Freddie Mac said in a statement.