Mortgage rates held near 7%. The average rate on the standard 30-year fixed mortgage edged lower to 6.78%, according to a survey of lenders released Thursday by the mortgage-finance firm Freddie Mac.

Mortgage rates feel unaffordable today, but they're not that that high in a historical sense. Here's a closer look.

Mortgage rates reached their highest level since July, but it didn’t deter homebuyers as purchase applications increased.

So far this week, seven high street lenders have increased their mortgage rates - despite the Bank of England reducing the base rate to 4.75%.