00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The average U.S. 30-year fixed mortgage rate rose to 6.22% from 6.11% last week,
00:09reaching its highest level in more than three months, according to PBS News.
00:13The average 15-year fixed mortgage rate rose to 5.54% from 5.5% last week,
00:19but remained below the 5.83% level recorded a year ago, according to Freddie Mac.
00:25Rates had fallen to just under 6% three weeks ago,
00:28but have climbed each week since the Iran War began,
00:31pushing up oil prices and inflation expectations.
00:34The 10-year Treasury yield rose to 4.27% from 4.13% Thursday, lifting mortgage costs.
00:41The Fed held rates steady and flagged economic uncertainty.
00:45Home sales remain weak, with existing sales near a 4 million pace and new home sales down.
00:51Mortgage applications fell nearly 11%, driven by a drop in refinancing.
00:56For all things money, visit Benzinga.com.
