Mortgage Rates Exceed 7% for First Time This Year

Marking a third straight week of increases and moving over 7% for the first time this year, the 30-year fixed-rate mortgage (FRM) averaged 7.10% this week, up from last week’s increase to 6.88%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. The numbers:  The 30-year FRM averaged 7.10 percent…

The post Mortgage Rates Exceed 7% for First Time This Year appeared first on RISMedia.

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