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Average rate on a 30-year U.S. mortgage hits 6.91%, according to Freddie Mac, the highest since July
The average rate on a 15-year fixed-rate mortgage, popular with homeowners seeking to refinance, climbed to 6.13%, up from 6% and also the highest since July. It was at 5.89% a year ago.
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.
Mortgage rates kick off 2025 with an increase, nearing 7%
Mortgage rates climbed again for a third consecutive week to the since since July, with the 30-year fixed-rate average rising to just under 7% as the housing market remains stalled.
Mortgage rates start 2025 near 7%, hitting highest level since July
Mortgage rates rose again last week, leaving them near 7% to start the year. The average 30-year fixed-rate mortgage rose to 6.91% in the week through Wednesday, from 6.85% as of Dec. 26, according to Freddie Mac data.
2h
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 ...
1h
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 ...
National Mortgage News
1h
Mortgage rates likely to go back over 7% as they rise again
The Freddie Mac mortgage rate tracker on Thursday morning showed the conforming 30-year fixed rate mortgage creep closer to ...
1h
on MSN
Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?
Mortgage rates inched up at the start of the year to the highest level in nearly six months, portending another tough year ...
1d
Fannie Mae & Freddie Mac going private is 'playing with fire': Expert
Investors weigh whether Fannie Mae (FNMA) and Freddie Mac (FMCC) — the Federal National Mortgage Association and Federal Home ...
2h
Pending Home Sales Rise for Fourth Straight Month as Buyers Adapt to Higher Mortgage Rates
Signed contracts for existing homes increased 2.2% last month from October, in the fourth straight month of gains, the ...
1h
on MSN
Mortgage rates inch closer to 7% to close out 2024
A live TV news station covering breaking news, investigative reporting, and traffic for Colorado Springs, Pueblo, and ...
2d
on MSN
Why Bill Ackman is 'confident' Trump will privatize Fannie Mae and Freddie Mac
Billionaire investor Bill Ackman is stoking new speculation that the Trump administration could end one of the oldest fights ...
2d
30-Year Mortgage Rates March Downward for a Second Day
After surging to their highest level in nearly six months last week, 30-year mortgage rates declined. Most other loan types ...
2d
on MSN
Bill Ackman expects Trump to privatize Fannie Mae and Freddie Mac
Bill Ackman expects U.S. President-elect Donald Trump to remove Fannie Mae and Freddie Mac from conservatorship, potentially ...
2d
on MSN
Bill Ackman says common stocks of GSEs offer 'large asymmetric upside'
Billionaire hedge fund manager Bill Ackman said the common shares of government sponsored enterprises Fannie Mae (FNMA) and ...
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