US Mortgage Rates Are Little Changed Despite Surging Inflation
Homes at a new development in Fontana, California.
Photographer: Kyle Grillot/BloombergMortgage rates in the US were little changed even as the escalating energy crisis drives inflation higher.
The average rate for 30-year fixed loans slipped to 6.36% from 6.37% last week. A year ago, it was 6.81%.