Mortgage rates in the United States have increased from last week, with the latest rate being 6.92%. This increase was seen on Friday, February 17th, and marks a rise compared to both the previous day and the same time last week.
This news comes from Bankrate, which has been tracking mortgage rates for several years now. The current rate of 6.92% is higher than it was one year ago when it stood at 4.51% but still lower than its peak of 8% back in October 2018 according to their data sources.
For those looking to purchase or refinance a home soon, this could be good news as interest rates are currently low enough that they may be able to save money over the life of their loan by locking in these current rates before they go up again any further. Potential borrowers need to compare different lenders’ offers carefully though before making any decisions so that they can get the best deal possible on their loan terms and interest rate options available today…
Read more at MarketWatch
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