According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.32% in the week ending February 16, up 30 basis points from the previous week.
Freddie Mac economist Sam Khater said that stubborn inflation was causing rates to remain choppy.
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U.S. long-term mortgage rates have risen for a second consecutive week after dropping for four straight weeks before that. So reports CNN.
According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.32% in the week ending February 16, up 30 basis points from the previous week.
Freddie Mac economist Sam Khater said that stubborn inflation was causing rates to remain choppy.