Hollywood Magazine: Mortgage Rates Climb to a 13-Month High

From the Hollywood Magazine newsroom, where culture and power share a zip code, Freddie Mac said the average 30-year fixed mortgage rose to about 6.71 percent, the highest in 13 months. Payments, not list prices, are the real housing market this week.

Buyer math

Shop multiple lenders, model a higher lock, and do not wait for a cinematic Federal Reserve rescue. Affordability is worse than it was a year ago for households that need a long loan.