WASHINGTON, Jan 2 (Reuters) – U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be temporary.
The average rate on the popular 30-year fixed-rate mortgage increased to 6.91%, the highest level since early July, from 6.85% last week, mortgage finance agency Freddie Mac said on Thursday. It averaged 6.62% during the same period a year ago.
“Compared to this time last year, rates are elevated and the market’s affordability headwinds persist,” said Sam Khater, Freddie Mac’s Chief Economist.

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