Mortgage Rates Continue to Rise

Posted: May 31 2023

The rate for a 30-year fixed-rate mortgage averaged 6.57% this week, up from last week when it averaged 6.39% according to a recent FreddieMac survey. A year ago, the rate averaged 5.1%. Meanwhile, the rate for a 15-year fixed-rate mortgage averaged 5.97%, up from last week when it averaged 5.75%. A year ago, the rate was 4.31%.

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