Mortgage rates tick slightly higher but remain near 6.5%

Mortgage rates have nudged up to 6.49% but remain close to the 6.5% mark, according to Freddie Mac. Despite this slight increase, housing affordability is improving, making it easier for homebuyers to secure a mortgage. This trend is significant because stable, lower mortgage rates can boost the housing market, stimulate economic growth, and provide relief to potential homebuyers who have been waiting for better rates. It's a positive sign that could lead to more people entering the housing market.