The average rate on a 30-year fixed-rate mortgage rose to 6.81% last week, the highest in a year, the Mortgage Bankers Association said.

The average 30-year fixed mortgage rate edged up to 6.66% last week, the highest in a year, reversing a decline that had briefly pushed rates below 6% in February

US 30-year mortgage rates hit 6.81%, the highest in a year, as applications drop 6.4%. Crypto-backed mortgage products offer an alternative at a