Mortgage rates up to 5.66%, slowing housing market
Mortgage rates up to 5.66%, slowing housing market
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose to their highest level in two months this week, providing no relief for a slumping housing market.
Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 5.66% from 5.55% last week. One year ago, the rate stood at 2.87%.
The average rate on 15-year, fixed-rate mortgages, popular among those looking to refinance their…
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