US 30-year fixed-rate mortgage flirts with 7%
U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be temporary.
US Mortgage Rates Rise to Highest Since Early July, Suppressing Demand
US mortgage rates climbed to an almost six-month high during the Christmas holiday week, suppressing applications for home purchases and severely undercutting refinancing activity.
Mortgage rates start 2025 near 7%, hitting highest level since July
Demand for mortgages in the final week of 2024 fell sharply, a combination of holiday market slowness and rates near 7%, according to the Mortgage Bankers Association.
Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising
The average rate on a 30-year mortgage in the U.S. rose for the second straight week to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans.
Mortgage Rates Reach Highest Point Since July
Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly six months,” said Sam Khater, Freddie Mac’s Chief Economist. “Compared to this time last year, rates are elevated and the market’s affordability headwinds persist.
Average rate on a 30-year U.S. mortgage hits 6.91%, according to Freddie Mac, the highest since July
U.S. mortgage rates rose this week to the highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.91% from 6.85% last week, according to mortgage giant Freddie Mac. It was at 6.
Mortgage rates inch closer to 7% to close out 2024
The standard, 30-year fixed-rate mortgage averaged just shy of 7% in the final week of 2024 ending on January 2, according to data from mortgage financing giant Freddie Mac. That’s the highest level in nearly six months and is also up from the prior week when mortgage rates averaged 6.
Mortgage Rates Tick Up, Nearing 6-Month High
After dipping for two days, 30-year mortgage rates edged higher, again nearing their highest level since early July. Rate ...
Average 30-year mortgage rate hits 6.91%, Freddie Mac says, the highest since July
WASHINGTON -- U.S. mortgage rates rose this week to the highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.91% from 6.85% last week, according to mortgage giant Freddie Mac ...
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