Mortgage rates have increased for the fourth week in a row, reaching their highest level in a year. 58% last week. This rise in mortgage rates can lead to higher costs for borrowers, affecting their ability to purchase homes.

As a result, home sales have been slow this year. Further details on the current mortgage rates and their impact on homebuyers are available from mortgage buyer Freddie Mac and other sources, including KSTP 5 Eyewitness News.