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2 weeks ago

Mortgage rates tick slightly higher but remain near 6.5%

Mortgage rates moved slightly higher this week but have remained relatively steady in recent weeks, mortgage buyer Freddie Mac said on Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average interest rate on the benchmark 30-year fixed mortgage rose to 6.49%, up from last week's reading of 6.43%.The average rate on a 30-year fixed-rate mortgage was 6.72% a year ago.HOUSING AFFORDABILITY TO IMPROVE AS HOME PRICE GROWTH COOLS, REALTOR.COM FORECASTS"The 30-year fixed-rate mortgage averaged 6.49% this week," said Freddie Mac chief economist Sam Khater."M...