Mortgage Rates Increase For Third Week

30-year fixed-rate mortgages averaged 6.58% as of July 23 Mortgage rates have risen for the third consecutive week. The current average of 6.58% is up from 6.55% last week. Despite the increase, more prospective homebuyers are entering the market due to imp

30-year fixed-rate mortgages averaged 6.58% as of July 23

Mortgage rates have risen for the third consecutive week.

The current average of 6.58% is up from 6.55% last week.

Despite the increase, more prospective homebuyers are entering the market due to improving inventory.

Rates are still down from 6.74% in the same period last year.

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