The ‘housing market appears to be stuck,’ as mortgage rates stay over 7%

Mortgage rates remain over 7% as the U.S. economy continues to show signs of strength.

The 30-year fixed-rate mortgage averaged 7.12% as of Sept. 7, according to data released by Freddie Mac FMCC on Thursday. 

That’s down 6 basis points from the previous week. One basis point is equal to one hundredth of a percentage point. 

A…