Mortgage Rates Rise for Fourth Straight Week, Hitting 12-Month High

The continued summer slowdown in the housing market could see an uptick in transactions before fall, but economists are pointing to an array of economic and geopolitical headwinds that could possibly drive mortgage rates even higher as the spark.  The average 30-year fixed mortgage rate (FRM) rose another 8 basis points this week to 6.66%,…

The post Mortgage Rates Rise for Fourth Straight Week, Hitting 12-Month High appeared first on RISMedia.

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