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Mortgage rates edge higher to nearly 7%

Por: Fox Business Business August 04, 2023

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Macro Trends Advisors founding partner Mitch Roschelle joined ‘Varney & Co.’ to discuss the U.S.’s sky-high mortgage rates amid the Fed’s ongoing fight with inflation.  rose again this week, bad news for Americans seeking to upgrade or buy their first home. The average rate on the 30-year fixed mortgage ticked up to 6.90% this week, up from 6.81% a week ago, according to data released Thursday by mortgage buyer Freddie Mac. A year ago,... + full article



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