The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.

Freddie Mac reports the 30-year rate averaged 6.75% as of July 17, up from 6.72% last week. #mortgagerates #housing #homes

The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, which is mired in a sales slump as affordability constraints shut out prospective homebuyers.