Mortgage rates are nearing 7% as inflation ticks back up: Freddie Mac

By: The 30-year fixed-rate mortgage averaged 6.88% this past week, according to Freddie Mac.  (iStock ) Mortgage rates continue their steady climb upward. Rates for 30-year mortgages averaged 6.88% this past week, Freddie Mac reported. Rates last week averaged 6.82%, and a year ago, the 30-year fixed-rate mortgage averaged 6.27%. “Mortgage rates have been drifting higher…

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