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U.S. 30-year mortgage rates hit 6.85%, highest since mid-July, likely to stay above 6% next year.
The average 30-year mortgage rate in the U.S. rose to 6.85%, its highest since mid-July, due to climbing bond yields.
Freddie Mac reported this increase from 6.72% the prior week.
Economists predict rates will stay above 6% next year, possibly reaching 6.8%.
High rates and rising home prices are keeping buyers out, causing a slump in the housing market, potentially the worst since 1995.
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Las tasas de hipoteca a 30 años de los EE.UU. alcanzaron el 6,85%, el más alto desde mediados de julio, probablemente se mantendrá por encima del 6% el próximo año.