US Mortgage Rates Jump to 6.11 Percent

Recently, the Senate passed a bipartisan bill that aims to tackle the housing supply issue, and make homes more affordable.

Homes await buyers in Irvine, Calif., on Sept. 21, 2020. John Fredricks/The Epoch Times

Mortgage rates have risen for the second consecutive week, moving up to 6.11 percent after briefly dipping below the 6 percent level last month.

The average weekly mortgage rate for a 30-year fixed-rate mortgage was 6.11 percent for the week ending March 11, up from 6 percent the previous week and 5.98 percent on Feb. 25, according to data from Freddie Mac.