US mortgage rates remain elevated over this past week , according to new data out from Freddie Mac, with the 30-year fixed rate mortgage slipping slightly to 6.87% while the 15-year moves up from 6.05% to 6.09%.

Yahoo Finance senior housing reporter Claire Boston joins Wealth's Brad Smith in breaking down the latest mortgage data and how it relates to interest rates and the homebuying environment.

To watch more expert insights and analysis on the latest market action, check out more Wealth here .

This post was written by Luke Carberry Mogan .