The numbers: Mortgage rates are back up while the U.S. housing market contends with weak demand from buyers.
... The numbers: Mortgage rates are back up while the U.S. housing market contends with weak demand from buyers. Rates broke a six-week downward streak this week, as the housing market continues to suffer from a winter freeze.Rates are much lower than they were a month ago, when the 30-year was averaging above 7%.“The housing market remains in the doldrums with declining sales, inventory and prices,” Sam Khater, chief economist at Freddie Mac, said in a statement.
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