Mortgage Rates Are Climbing Again

How rising interest impacts buyers, markets, and long term decision making

The average 30-year fixed mortgage rate in the United States has climbed again, reaching 6.86 percent for the week ending May 22. That is up from 6.81 percent the week before, according to data from Freddie Mac. While this may seem like a small change, even minor movements in mortgage rates can have significant effects on how people buy homes, how busin…