Mortgage rates have moved higher again, putting the cost of buying a home under fresh pressure. The average 30 year fixed rate mortgage reached 7.111% on Sept. 24 , according to Mortgage Research Center data. A week earlier, the average was 7.053%. The 15-year fixed rate also climbed, moving from 6.297% to 6.342% .
With midterm elections just six weeks away, the cost of living has monopolized the attention of American voters. A frozen housing market has become a liability for the White House.
