The 30-year mortgage rate reached 6.71 percent on Thursday, marking the highest level in more than a year, according to Freddie Mac. This rate increased from 6.66 percent the previous week. The rise in mortgage rates may affect the purchasing power of prospective homebuyers.
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30-Year Mortgage Rate Reaches Highest Level in Over a Year
The 30-year mortgage rate has increased to 6.71 percent, the highest level in over a year, as reported by Freddie Mac. This rise from 6.66 percent may impact the purchasing power of potential homebuyers.
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Benchmark mortgage rate hits highest mark in more than a year
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30-Year Mortgage Rate Reaches Highest Level in Over a Year