30-Year Mortgage Rate Rises to 6.22% as Mortgage Brokers and Mortgage Officers Face a Slower Refi Market
This week, the average U.S. 30-year fixed mortgage rate edged up to 6.22% from 6.11%. Home-loan applications took a hit, sliding 10.9% as refinancing activity cooled. The uptick in rates landed right as the spring selling season was starting.
