6.29% is the latest rate
increase for mortgage
Mortgage rates rose again this month due to the
Federal Reserve's latest rate hike.
Mortgage rates rose to 6.29% for 30-year fixed-rate mortgages,
an all-time high, according to Freddie Mac.
Those seeking lower mortgage rates also have to spend more money on discount points.
30-year fixed: 6.29% with 0.9 point
(up from 6.02% a month ago, up from 2.88% a year ago).
15-year fixed: 5.44% with 1.0 point
(up from 5.21% a month ago, up from 2.15% a year ago).
5/1-year adjustable: 4.97% with 0.4 point
(up from 4.93% a month ago, up from 2.43% a year ago).
A rising mortgage rate continues to
adversely affect the housing market
How much will Social Security benefits increase in 2023?