Mortgage rates in the United States have increased for the sixth week in a row, reaching their highest levels since July.

The average rate for a 30-year fixed mortgage has risen to 6.79%, up from 6.72% the previous week, according to Freddie Mac.

This rise in mortgage rates reflects the current economic conditions and market dynamics that are affecting borrowing costs for homebuyers nationwide.

As a result, potential buyers may face more financial pressure, which could impact their purchasing decisions.

Additionally, the higher borrowing costs may discourage some buyers and slow down home sales, potentially affecting the real estate market as a whole.