Mortgage rates are rising again, and Dave Ramsey is warning Americans that navigating today’s housing market without professional help could be a costly mistake.
The 30-year fixed-rate mortgage averaged 6.38% for the week ending March 26, according to Freddie Mac (OTC:FMCC), up from 6.22% the prior week. Rates climbed further to around 6.64% on March 27, marking an eight-month high.
Freddie Mac chief economist Sam Khater said purchase and refinance activity has improved from a year ago, though volatility in borrowing costs continues to pressure affordability.
Rising Rates Pressure Housing Market
Higher rates are being driven by broader macro conditions, including rising Treasury yields and renewed inflation concerns linked to higher energy prices.
Against …
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