Freddie Mac’s 30-year mortgage rate for the week of November 7 rises to 6.79% from 6.72% last week. That is the highest level since 11.
Looking at the chart, the price is back above its 100 week MA for what it is worth at 6.76%
What the chart also says is the recent low (and low for the year) stalled at the low from 2023.
This article was written by Greg Michalowski at www.forexlive.com.
