Mortgage rates edge higher again: 30-year hits 7.05%
Average mortgage rates ticked up again Wednesday, adding pressure to an already strained housing market. According to Zillow, the national average for a 30-year fixed-rate mortgage climbed to 7.05%, up from 7.03% the day before. That’s still slightly down from 7.08% last week.The 15-year fixed rate held steady at 6.09%, while the 5-year ARM sits