Rates Rise For Second Week, But Not By Much
Mortgage rates increased slightly last week but remain in the mid-6s, encouraging some potential buyers to come off the sidelines. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.66%, up from the week prior’s 6.62%. A year ago at this time, the 30-year FRM averaged 6.33%. This is the second consecutive…