The rate for a 30-year fixed-rate mortgage was 7.03% this week, up from 6.95% last week, according to Freddie Mac. A year ago, the rate was 6.3%. The rate for a 15-year fixed-rate mortgage was 6.42%, up from 6.26% last week. A year ago, the rate was 5.49%.
Bank economists: Softer credit conditions expected over next six months
Credit conditions are expected to weaken slightly over the next six months as inflation remains elevated and financial conditions remain restrictive, according to ABA’s latest Credit Conditions Index.









