The median interest rate on a 30-year fixed-rate mortgage is 6.88% as of November 12, which is unchanged from yesterday.
Banks expect them to be up again by the end of the year. "Given that those on lower incomes don't tend to have mortgages, it demonstrates that higher mortgage rates ... have 6 or 30 you have ...
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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.