Freddie Mac Mortgage Rates Edge Upwards
The cost of financing a home continues on its gradual ascent, as Freddie Mac 30-year mortgage rates edge upwards from 6.23% to 6.24%, in the third increase in under a month.
15-year mortgage, meanwhile, which are often used for the purpose of refinancing, rose from 5.81% to 5.83%.
Frank Nothaft, who is the chief economist at Freddie Mac, expects that these minor increases will keep nudging the rate upwards for the rest of this year, for a moderate but noticeable year-long increase.