U.S. mortgage rates tick up to 6.53%, Freddie Mac says

According to Freddie Mac, average U.S. mortgage rates have ticked up to 6.53 percent, marking their highest point since last summer. The rise continues to pressure home buyers, cooling down the real estate market and increasing the cost of homeownership. Financial analysts attribute the persistent high rates to broader economic indicators and the Federal Reserve's ongoing efforts to manage inflation.