Mortgage Rates Continue Edging Toward 7%

The 30-year-fixed-rate mortgage averaged 6.88% this week, marking a second week of increases and continued edging toward 7%, according to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday. Last week the average rate increased from 6.79% to 6.82%. This week’s numbers:  The 30-year FRM averaged 6.88% as of April 11, 2024,…

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