Persistent Mortgage Rate Increases Cast Shadow on Homebuyer Prospects
By Lisa Johnson Mandell Mortgage rates have continued their upward trajectory, marking a third consecutive week of increase—a disappointing development for prospective homebuyers who had hoped for more affordable real estate prices as summer approaches its end. According to data from Freddie Mac, the average interest rate for a 30-year fixed-rate mortgage climbed to 6.96% during […]
