News

Business

On HALO

4 weeks ago

Mortgage rates tick slightly higher amid Iran, inflation uncertainty

Mortgage rates ticked slightly higher this week, but were little changed, mortgage buyer Freddie Mac said on Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.49% from last week's reading of 6.47% and 6.52% the week before last.The average rate on a 30-year loan was 6.77% at this time a year ago.HOUSING AFFORDABILITY UNLIKELY TO RETURN TO MORE FAVORABLE LEVELS OF THE PAST, ECONOMIST SAYS"The average 30-year fixed mortgage rate was little changed this week at 6.49%," said Sam Khater, chief e...