Mortgage Rates Rise to 6.30% but Purchase Demand Remains Strong According to Freddie Mac
Freddie Mac reported that the average 30-year fixed-rate mortgage increased slightly to 6.30%, while buyer demand remains robust, with purchase applications rising over 20% compared to a year ago. Despite affordability challenges and declining home sales in March, market participants note improved inventory levels are supporting continued interest.
Topics: affordability Freddie Mac housing demand mortgage rates