The average 30-year fixed-rate mortgage rose to 6.44% in the week through Wednesday, hitting the highest level since August (Freddie Mac). A week earlier, it was 6.32%. Average 15-year mortgages jumped to 5.63%, from 5.41% a week earlier. While some buyers may be deterred by this, they may want to consider the alternative…..even higher rates. (COMPASS)

10/18/2024