Mortgage Rates Rise for First Time in More Than a Month
giant Freddie Mac. Mortgage rates have been on a steady decline since the beginning of 2019, but rose for the first time in months.
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Mortgage rates have risen for the first since early March.
According to a survey released by the mortgage giant Freddie Mac on Thursday, the average rate for a standard 30-year fixed-rate mortgage has risen to 6.39%.
This increase brings to an end a streak of five consecutive weeks in which mortgage rates declined. The rates were at 6.27% last week and slightly above 5% one year ago.