Mortgage Rates Edge Higher, Further Adding to Housing’s Challenges

Yahoo!Finance, May 18, 2023–Gabriella Cruz-Martinez
The average rate on the 30-year fixed mortgage increased to 6.39% this week from 6.35% the week prior, Freddie Mac found. The rate has stayed above 6% since mid-September of last year…The volume of mortgage applications to purchase a home dropped 4.8% on a seasonally adjusted basis last week, the Mortgage Bankers Association found.