The rate for a 30-year fixed-rate mortgage was 6.83% this week, up from last week when it averaged 6.62%, according to Freddie Mac. A year ago, the rate was 7.1%. The rate for a 15-year fixed-rate mortgage was 6.03%, up from last week when it was 5.82%. A year ago, the rate was 6.39%.
With failure on procedural motion, Clarity Act’s future is uncertain
The Senate voted 50-49 against ending debate on the Clarity Act. By failing to reach the 60-vote threshold needed for cloture, senators signaled their unwillingness to pass the legislation in its current form.
