Mortgage rates climbed again this week, exacerbating nan location affordability situation that is stifling nan lodging market.
A precocious sold location successful nan Issaquah Highlands area of Issaquah, Washington, connected April 16, 2024. (David Ryder/Bloomberg via Getty Images / Getty Images)
Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that nan mean complaint connected nan benchmark 30-year fixed mortgage jumped to 7.22% this week from 7.17% past week. The mean complaint connected a 30-year indebtedness was 6.39% a twelvemonth ago.
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The mean complaint connected nan 15-year fixed owe roseate to 6.47% from 6.44% past week. One twelvemonth ago, nan complaint connected nan 15-year fixed statement averaged 5.76%.