Mortgage rates are the highest they’ve been in the last year, according to a new report.
A weekly national survey of large lenders by financial web site Bankrate.com found that the average 30-year fixed rate mortgage is now 6.77 percent. That’s up from 6.42 last week.
Six months ago the average rate was just 5.57 percent. That means a $200,000 loan would have carried a monthly payment of $1,144, compared to $1,300 at today’s rate.
