Mortgage rates rose for the third consecutive week, according to the latest data out from Freddie Mac, pushing the 30-year fixed rate mortgage to 6.44%. Yahoo Finance senior housing reporter Claire Boston breaks the latest mortgage rates and explains the implications this has for potential homebuyers struggling to find affordable options in the US housing market.

The average rate on a 30-year mortgage in the U.S. moved higher for the third week in a row and reached the highest level since late August.

Mortgage rates rose to the highest level in nearly two months. The average rate on a standard 30-year fixed mortgage rose to 6.44%, according to a survey of lenders released Thursday by the mortgage-finance company Freddie Mac.

A strong economy drove mortgage rates higher in the past week but it's still an advantageous market for consumers in some ways, according to Freddie Mac.

Higher mortgage rates mean fewer buyers and refinancers are moving forward with transactions. The average on a 30-year loan hit 6.44%.

The average 30-year mortgage rate in the U.S. rose to 6.44%, the highest level in eight weeks, Freddie Mac reported Thursday. This marks the third consecutive week of increases, up from last week’s 6.32%.

Mortgage rates climbed again for a third straight week, further dinging demand as the housing market continues to suffer from an affordability crisis.

It’s been a month since the Federal Reserve shifted from fighting inflation with high interest rates to supporting the job market with the first in what is expected to be a series of rate cuts. The impact?

Unfortunately for prospective buyers, rising mortgage rates in the face of a Fed cut is a sign of a resilient economy.

Freddie Mac’s Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage (FRM) increased again this week,