The uptick in the cost of home loans reflects a rise in the bond yields that lenders use as a guide to price mortgages, specifically the yield on the US 10-year Treasury. The yield on the 10-year Treasury has climbed from 3.62 percent in mid-September to 4.66% this week.

Fourth week of higher rates comes after 10-year Treasury yields, which mirror mortgage rates, rose after new economic data released this week pointed to stickier inflation and more job openings.

Mortgage rates continued to climb this week, with the 30-year fixed rate notching up toward 7% while housing demand remains stalled amid elevated rates and home prices.

Mortgage rates continued to climb up, as strength of the economy put upward pressure, while lack of entry-level supply remained an issue, the latest Freddie Mac Primary Mortgage Survey showed. 30-year fixed-rate mortgages averaged 6.

The current average mortgage rate on a 30-year fixed mortgage is 7.34%, compared to 7.29% a week earlier, according to Curinos. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 6.

Mortgage rates climbed this week, with the 30-year fixed rate averaging 7.08 percent, according to Bankrate’s latest lender survey. Since the Federal Reserve began cutting interest rates in September,