Rates Shoot Back Above 7%, Veterans Expect Housing Search To Be “Challenging”
Mortgage interest rates tipped back over 7% last week, continuing to yo-yo back and forth from the high 6.90s, Freddie Mac reported Thursday. Freddie’s Primary Mortgage Market Survey found that the 30-year fixed-rate mortgage averaged 7.08%, up from 6.95% the week prior. A year ago at this time, the 30-year FRM averaged 2.98%. “As the…