US mortgage rates saw a slight uptick this week, ending a four-week downward trend that had brought borrowing costs to their lowest in over a year. The average 30-year fixed mortgage rate climbed to 6.22%, while 15-year fixed rates also edged higher. This shift, influenced by Federal Reserve actions and economic outlook, impacts homebuyer affordability and refinancing opportunities.US mortgage rates saw a slight uptick this week, ending a four-week downward trend that had brought borrowing costs to their lowest in over a year. The average 30-year fixed mortgage rate climbed to 6.22%, while 15-year fixed rates also edged higher. This shift, influenced by Federal Reserve actions and economic outlook, impacts homebuyer affordability and refinancing opportunities.
