US EditionAverage mortgage edges higher, ending a 7-week slide
- The average rate on a 30-year mortgage in the U.S. Increased to 6.65%, rising from 6.63% last week, according to Freddie Mac.
- The rate on 15-year fixed-rate mortgages rose to 5.8%, higher than the previous week's 5.79%, as reported by Freddie Mac.
- Mortgage rates are influenced by factors such as the bond market's reaction to the Federal Reserve's interest rate policies.
- Despite the decline in mortgage rates over the past weeks, affordability has not improved for many homebuyers.
34 Articles
34 Articles
Average US Rate On A 30-Year Mortgage Edges Higher, Ending A Seven-Week Slide
The average rate on a 30-year mortgage in the U.S. edged higher this week, ending a seven-week slide that helped ease borrowing costs for home shoppers leading into the spring homebuying season. The rate averaged 6.65% this week, up from 6.63% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.74%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower …
Alex City Outlook
Weekly Mortgage Rates Rise Following Erratic Tariff News
Mortgage rates went up for the first time in a month as investors worried about the uncertain future.The 30-year fixed-rate mortgage averaged 6.62% in the week ending March 13, up 11 basis points from the previous week. A basis point…
Average U.S. rate on 30-year mortgage edges higher, ending seven-week slide
The average rate on a 30-year mortgage in the U.S. edged higher this week, ending a seven-week slide that helped ease borrowing costs for home shoppers just in time for the spring homebuying season. The average rate rose to 6.65%…
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