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The Piney Point

Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year

Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year
Photo: KPRC 2 / Click2Houston (NBC) · view original

The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, pushing up borrowing costs for prospective homebuyers at a time when rising oil prices are already squeezing household budgets. The benchmark 30-year fixed rate mortgage rate rose to 6.58% from 6....

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