The 30-year mortgage rate is averaging at 6.39%, Freddie Mac said in its latest weekly survey on Thursday.
The numbers: Home buyers are accepting the new reality of higher mortgage rates, but volatile rates and inventory challenges continue to hamper the U.S. housing market.
The 30-year fixed-rate mortgage averaged 6.39% as of May 18, according to data released by Freddie Mac on Thursday. Separate data by Mortgage News Daily said that the 30-year fixed-rate mortgage was averaging at 6.7% as of Thursday afternoon.
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