Home Real Estate Mortgage Rates Move Higher, But A Changing Market Could Help Buyers –...

Mortgage Rates Move Higher, But A Changing Market Could Help Buyers – Forbes Advisor

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Rates for home loans are little changed this week from near recent highs, even as buyers try to adapt to a housing market that may feel very different than just a few weeks ago.

The 30-year fixed-rate mortgage averaged 5.23% in the week ending June 9, Freddie Mac said Thursday. That’s up from 5.09% last week and 2.96% a year ago.

The average 15-year fixed-rate mortgage was 4.38%, up from 4.32% last week. At this time last year, it averaged 2.23%.

Those rates don’t include fees and other costs associated with obtaining home loans.

Related: Compare Current Mortgage Rates

What’s Next for the Housing Market?

In May, mortgage rates hit 5.30%, the highest in more than a decade, but have pulled back since then. Still, the months-long grind higher in rates—and continued slim…

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