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Rates for the 30-year and 15-year rise and so do home prices.
It’s guilt by association because U.S. government rating was dropped.
Following a significant dip, 30-year and 15-year fixed mortgage rates see a minor increase.
Strong labor market and consumer confidence bolster economic resilience, but homeowners' show reluctance to relinquish low mortgage rates.
Freddie Mac survey finds the average rate for a 30-year mortgage slipped to 6.78%.
Both the 30-year and 15-year fixed mortgages reach their highest levels since November.
