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Indebta > Finance > Mortgage rates hit highest level in six months. ‘Demand is likely to weaken.’
Finance

Mortgage rates hit highest level in six months. ‘Demand is likely to weaken.’

News Room
Last updated: 2023/06/01 at 4:35 PM
By News Room
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The numbers: Mortgage rates inched toward 7% as strength in the U.S. economy prompted investors to expect another rate hike by the Federal Reserve.

The 30-year fixed-rate mortgage averaged 6.79% as of June 1, according to data released by Freddie Mac on Thursday. 

That was up 22 basis points from the previous week — one basis point is equal…

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News Room June 1, 2023 June 1, 2023
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