General World News

Mortgage rates edge up after latest  inflation reading

Mortgage rates climbed 13 basis points this week on the back of Tuesday’s strong inflation reading.

The 30-year fixed-rate mortgage averaged 6.77% as of Feb. 15, an increase from last week’s figure of 6.64%, according to Freddie Mac’s Primary Mortgage Market Survey released on Thursday. 

Meanwhile, the 15-year fixed rate averaged 6.12% this week, up from 5.90% during the prior week. And HousingWire’s Mortgage Rates Center showed that Polly’s average 30-year fixed rate for conventional loans was 7.09% on Thursday, up from 6.91% at the same details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com