Mortgage Rates Surge Following Robust Economic Indicators, Concerns Loom Over Spring Homebuying Season

Mortgage Rates Climb After Long Period Of Treading Water

Washington, DC - In a notable shift, mortgage rates in the United States are on the rise following encouraging employment and inflation reports. The latest data from Freddie Mac reveals that the 30-year fixed-rate mortgage has climbed to 6.77% this week, up from 6.64% in the previous week. This increase comes after an extended period of relatively stable rates.

While the current rates are still higher than a year ago, when the average hovered just over 6.3%, the recent uptick underscores the impact. . .