Mortgage rates inch higher as US home sellers outnumber buyers
US mortgage rates slightly tick up for another week, according to data out from Freddie Mac, and are in limbo just below their 7% benchmark. The 30-year fixed rate mortgage now sits at 6.89% while the 15-year is at 6.03%. Yahoo Finance housing reporter Claire Boston comes on Wealth to talk more about the mortgage rate print as Redfin reports that home sellers have reached a record high in the US housing market. To watch more expert insights and analysis on the latest market action, check out more Wealth here.