The average rate on the 30-year fixed mortgage rose this week to 6.81%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.76%.

After steadily rising for a full week, 30-year mortgage rates have reversed course and slipped lower the last two days. Rates have dropped for many other loan types as well.

Today's average 30-year mortgage rate is 6.90%. Rates are up across all loan types, including 15-year and jumbo mortgages.

In the week ending May 15, 30-year fixed-rate mortgages averaged 6.81%, Freddie Mac announced, up from 6.76% last week. So far this year, the popular product has averaged 6.80%, with the lowest level at 6.62% and the highest at 7.04%.

The rate on the 10-year Treasury note is determined by expectations for shorter-term interest rates in the economy over the duration of a bond, plus a term premium. The post Mortgage Demand From Homeowners Recovers as Applications Rise for the Second Week in a Row appeared first on Real Estate News & Insights | realtor.com®.

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While mortgage rates have fallen, they remain well above the rates enjoyed by most current homeowners, who may be reluctant to put their homes on the market and risk a much higher rate on their next mortgage. In turn, the market could continue to suffer from a lack of supply, making options limited and prices sticky.

Mortgage rates increased for the first time since last month, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the ...

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