Mortgage rates retreat to 6.36% despite rising inflation
Business
Mortgage rates defied expectations by ticking down slightly this week, even as the latest inflation data revealed that surging oil prices resulting from the ongoing war in the Middle East have now bled into the costs of other goods and services. The average rate on 30-year fixed home loans retreated to 6.36% for the week ending May 14, down 1 basis point from 6.37% the week before, according to Freddie Mac . For perspective, rates averaged 6.81% during the same period in 2025. “Mortgage
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