Last week’s news that mortgage rates topped 6% might have come as quite a surprise for many buyers, but not because the rate was so high.
On the contrary, house hunters have been encountering mortgage rates above 6% as far back as June. They might wonder why that’s only now reflected in the widely reported benchmark national average, which comes from a weekly survey from Freddie Mac , the government-sponsored mortgage-loan giant.
Read more on wsj.com