Mortgage rates inch closer to 7% in the midst of a strong economy
Positive economic indicators were enough for the 30-year fixed-rate mortgage to rise again to 6.32% as of Feb. 16, up 20 basis points compared to the previous week.
Positive economic indicators were enough for the 30-year fixed-rate mortgage to rise again to 6.32% as of Feb. 16, up 20 basis points compared to the previous week.
Survey data from Freddie Mac shows the 30-year fixed-rate mortgage rate slowed its downward trajectory this week, declining three basis points from last week to 6.41%.