Mortgage Rates Back on the Upswing, Nearing 7%

After two consecutive weeks of declines, mortgage rates are back on the rise this week, up to 6.87% from last week’s average of 6.74%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday.  This week’s numbers: The 30-year FRM averaged 6.87% as of March 21, 2024, up from last week…

The post Mortgage Rates Back on the Upswing, Nearing 7% appeared first on RISMedia.

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