Mortgage Rates Exceed 6% for the First Time Since 2008

by Brit Owen

On the rise since the beginning of the year, mortgage rates continued their upward trajectory this week, rising above 6% for the first time since 2008. The 30-year fixed-rate mortgage (FRM) averaged 6.02% this week, up from 5.89% last week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. Key findings: 30-year…The post Mortgage Rates Exceed 6% for the First Time Since 2008 appeared first on RISMedia.