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Mortgage rates climbed again this week, exacerbating the home affordability crisis that is stifling the housing market. An "Open House" sign outside a home in Washington, D.C., on Nov. 19, 2023. (Nathan Howard/Bloomberg via Getty Images / Getty Images) Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage jumped to 7.17% this week from 7.1% last week. The average rate on a 30-year loan was 6.43% a year ago. GET FOX BUSINESS ON THE GO BY CLICKING HERE The average rate on the 15-year fixed mortgage rose to 6.44% from 6.39% last week. One year ago, the rate on the 15-year fixed note averaged 5.71%.
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