Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan, also increased this week.

Mortgage rates are headed higher again and some experts think it’s not impossible that the key 30-year rate will approach 7% again, after falling to a low

US mortgage rates rose again this week, the fourth-straight weekly increase. That rise in borrowing costs has undone some of the relief Americans felt this summer when mortgage rates fell in anticipation of a rate cut from the Federal Reserve as inflation improved.