Mortgage rates inch up after four weeks (XLRE:NYSEARCA)

Core Insights - Mortgage rates have increased after four consecutive weeks of decline, indicating a potential shift in the housing market dynamics [2] - The average rate for 30-year fixed-rate mortgages is now 6.22% as of November 6, which is an increase from 6.17% the previous week [2] - Compared to the same period last year, the current rate of 6.22% shows a decrease from 6.79%, suggesting a year-over-year improvement [2] Summary by Category - Mortgage Rates - The latest Freddie Mac Primary Mortgage Survey reports an increase in mortgage rates after a period of decline [2] - The average rate for 30-year fixed-rate mortgages is currently 6.22%, up from 6.17% last week [2] - Year-over-year comparison shows a decrease from 6.79% to 6.22%, indicating a more favorable rate compared to last year [2]