Even 15-year mortgage rates are above 6% now as Treasury yields spike
The average 30-year fixed-rate mortgage rose eight basis points to 6.66% over the past week, casting an ominous shadow on the back half of the summer homebuying season. That’s according to Freddie Mac’s weekly rate survey, which showed the 30-year rate is now just six points lower than where it stood a year ago. The […]