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The Independent UK

Business

J.R. Duren

EXPLAINED: Mortgage rates are up what does it mean for homebuyers | Vintage Vibes

Steve Hill Freddie Mac US Federal Reserve

‘This rate stability is a positive sign for both buyers and sellers, as it helps provide greater certainty in the housing market,’ Freddie Mac noted - (Getty Images)

The average rates on 30-year and 15-year fixed-rate mortgages ticked up slightly over the past week, according to Freddie Mac’s Primary Mortgage Market Survey.

Average rates for 30-year mortgages rose from 6.24 percent to 6.26 percent while 15-year rates rose from 5.49 percent to 5.54 percent.

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