Mortgage rate rises to 6.52% from 6.48%, near yearlong high
The average rate for a 30-year fixed mortgage in the U.S. has risen to 6.52%, nearing a year-long high. This increase, up from 6.48% last week, contributes to elevated borrowing costs for homebuyers. Factors influencing this trend include the Federal Reserve's monetary policy and market expectations, with rates generally following the 10-year Treasury yield, which has also seen an upward trend. AI
