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Story summary
- The average long-term U.S. mortgage rate rose to 6.22%, the highest in more than three months.
- The rate had dropped to just under 6% three weeks ago, linked to the war with Iran and higher energy prices.
- The 15-year fixed-rate mortgage rose to 5.54%.
- The 30-year rate remains below its level from a year ago, potentially aiding buyers.
- Home sales continue to lag historical averages.
