So long, mortgage rate stability.
After six weeks of hovering between 6.6% and 6.7%, mortgage rates rose sharply this week, according to Freddie Mac’s latest survey, reflecting recent bond market volatility.
The average 30-year fixed mortgage rate was 6.83% for the week through Wednesday, compared with 6.62% a week earlier. The average 15-year mortgage rate was 6.03%, up from 5.82% a week earlier.
