Mortgage Rates Rise for Third Straight Week, Remaining at Near Annual High

The typical summer sales slowdown is being made worse, economists say, by renewed geopolitical tension in the Middle East, putting upward pressure on inflation and causing more financial strain for would-be buyers.  The average 30-year fixed mortgage rate (FRM) rose 3 basis points to 6.58% from 6.55% last week, and the 15-year FRM averaged 5.96%,…

The post Mortgage Rates Rise for Third Straight Week, Remaining at Near Annual High appeared first on RISMedia.

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