Mortgage Rates Today Hit 6-Month High at 6.38% as Housing Stocks Slip
The average U.S. 30-year fixed mortgage rate climbed to 6.38%, the highest since September, as Treasury yields rose and oil prices surged. Mortgage applications dropped 10.5% for the week ending March 20. Shares of Rocket Companies, UWM Holdings, and Lennar all fell in afternoon trading. Freddie Mac’s 15-year fixed rate rose to 5.75%.