Mortgage rates are on the rise again
After taking a breather for several weeks, mortgage rates climbed again. The 30-year, fixed-rate mortgage averaged 5.23% in the week ending June 9, up from 5.09% the week before, according to Freddie Mac. The rate remains well above the 2.96% average from this time last year. \"After little movement the last few weeks, mortgage rates rose again on the back of increased economic activity and incoming inflation data,\" said Sam Khater, Freddie Mac's chief economist.