Mortgage rates climb again, jumping to more than 5.5%
The 30-year fixed-rate mortgage averaged 5.55% in the week ending August 25, up from 5.13% the week before, according to Freddie Mac. That is significantly higher than this time last year when it was 2.87%. The combination of higher mortgage rates and the slowdown in economic growth is weighing on the housing market, said Sam … Read more