Mortgage Rates Rise to Higher Than Year-Ago Levels for the First Time in 44 Weeks

by Beth McGuire

Mortgage rates continued their upward march, coming in above year-ago levels for the first time in 44 weeks, but economists are pointing to improving trends in housing inventory and list prices as a silver lining for buyers.  The average 30-year fixed mortgage rate (FRM) rose three basis points this week to 6.69%, up from 6.66%…

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