The average rate on a 30-year mortgage climbed to 6.54 percent this week, according to mortgage buyer Freddie Mac.

US mortgage rates rose again this week, the fourth-straight weekly increase. That rise in borrowing costs has undone some of the relief Americans felt this summer when mortgage rates fell in anticipation of a rate cut from the Federal Reserve as inflation improved.

Mortgage rates rose to the highest level since early August last week. The average rate on the standard 30-year fixed mortgage reached 6.54%, according to a survey of lenders by Freddie Mac. Mortgage rates fell toward 6% in the build up to the Federal Reserve's interest-rate cut in September,

When shopping for a mortgage, it can be hard to know when to lock in a rate. To help you decide, we've calculated monthly payments and the difference a rate change can make.

More Canadian homeowners are considering switching to variable rate from fixed rate mortgages after an unusually large interest rate cut by the central bank on Wednesday, mortgage brokers said.

The average rate on a 30-year mortgage in the U.S. rose again this week, reaching its highest level in nearly three months.

Mortgage rates have climbed higher for a month straight, pushing down demand as more Americans become priced out of the housing market due to high rates and home prices.

These are today's mortgage and refinance rates. Mortgage rates have risen this month in spite of the Fed's 50-basis-point rate cut in September.

The average 30-year mortgage rate has surged over the course of October, returning to highs last seen in the summer.

After hovering for two weeks, 30-year mortgage rates have now climbed higher for a week—reaching their highest level since July. Most other loan averages also rose Wednesday.