Mortgage rates in the US have reached their highest level in a year. 58% last week. This increase may affect prospective homebuyers in San Antonio, adding to their borrowing costs.

Higher mortgage rates can limit purchasing power, causing some homebuyers to delay their purchases. This may be a factor in the sluggish US home sales this year. Further details on the current mortgage rates and their impact on the housing market are available from mortgage buyer Freddie Mac and other sources, including KSAT 12.