Category: aee8285a-89b8-517f-a18a-84b165e88590

Mortgage rates climb, adding to affordability woes

Mortgage rates are up again after taking a slight dip last week, remaining in the mid-6% range.  Although rates have come down roughly a percentage point since October, they remain well above pandemic-era rates while home prices continue to climb, adding to the persistent affordability crisis in the housing market. Freddie Mac’s latest Primary Mortgage Market Survey released Thursday showed that the average rate for…