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The average 30-year fixed rate mortgage jumped to 6.94% last week.
Rising rates and housing unaffordability cast shadow over market's seasonal momentum.
Freddie Mac's Primary Mortgage Survey shows rates up to 6.77% last week.
Robust performance marks growth for both Fannie Mae and Freddie Mac, despite a dip in home purchases.
30-Year fixed-rate averages 6.64%.
Initiative aims to break down barriers to homeownership for very low-income families; accessible across Freddie Mac's mortgage products, it takes effect on March 1, 2024.
