Mortgage rates rise for first time in six weeks
PITTSBURGH (KDKA) - Mortgage rates are up for the first time in six weeks.
Freddie Mac's latest data shows the average rate for a 30-year, fixed-rate mortgage at 6.42%, up 0.15% from a week ago.
Before this latest report, the rate had fallen for six consecutive weeks.
2022 had been a rollercoaster ride for potential home-buyers. Mortgage rates more than doubled in less than 12 months despite declining sales, inventory, and prices.
A year ago, the 30-year fixed-rate average was 3.11%.
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