Freddie Mac’s most recent primary mortgage market survey indicates that the average 30-year fixed-rate mortgage has reached 6.91%. 

“Inching up to just shy of 7%, mortgage rates reached their highest point in nearly six months,” said Sam Khater, Freddie Mac’s chief economist, in a statement. “Compared to this time last year, rates are elevated and the market’s affordability headwinds persist. However, buyers appear to be more inclined to get off the sidelines as pending home sales rise.” 

The current 30-year rate is up from last week’s 6.85%. A year ago at this time, the 30-year mortgage averaged 6.62%. 

The 15-year mortgage rate now averages at 6.13%, up from last week when it averaged 6%. A year ago at this time, the 15-year rate averaged 5.89%.