The 30-year mortgage rate averaged 7.57% as of October 12, up from 7.49% a week earlier and 6.92% a year before, according to Freddie Mac.
The benchmark home loan has averaged above 6% since September 2022.
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The average U.S. long-term mortgage rate has increased for a fifth consecutive week, remaining at the highest since December 1, 2000. So reports The Associated Press.
The 30-year mortgage rate averaged 7.57% as of October 12, up from 7.49% a week earlier and 6.92% a year before, according to Freddie Mac.
The benchmark home loan has averaged above 6% since September 2022.