Average rate on 30-year mortgage hits 7%, its fifth straight increase
The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months
Rate on 30-year mortgage slips past 7%. Here’s what that does to your buying power.
The elevated mortgage rates have discouraged home shoppers, prolonging a national home sales slump that began in 2022.
Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase
The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July.
U.S. mortgage rates rise for fifth straight week
MCLEAN, Va. - Freddie Mac (OTCQB: OTC:FMCC), a $16 billion market cap financial services giant that has delivered an impressive 582% return over the past year according to InvestingPro, reported on Monday that the 30-year fixed-rate mortgage (FRM) average has climbed to 7.
Average rate on 30-year mortgage slips below 7% after climbing five weeks in a row
The average rate on a 30-year mortgage in the U.S. eased this week to just below 7%, its first decline after climbing five weeks in a row.
Average mortgage rate slips below 7%, falling for first time in 5 weeks
The average rate on a 30-year mortgage in the U.S. eased this week to just below 7%, its first decline after climbing five weeks in a row. The rate fell to 6.96% from 7.04% last week, mortgage buyer Freddie Mac said Thursday.
Mortgage rates declined this week, falling below 7%
After rising for several weeks, mortgage rates have dipped slightly this week. Freddie Mac reports its Primary Mortgage Market Survey shows the 30-year fix
Mortgage rates fall after six weeks of gain
Mortgage rates fell after six weeks of steady gain, and homebuyers embraced the change as reflected in higher purchase applications, the latest Freddie Mac Primary Mortgage Survey showed. 30-year fixed-rate mortgages averaged 6.
Mortgage rates rise for fifth straight week
One year ago, the rate on the 15-year fixed note averaged 7.03%. READ ON THE FOX BUSINESS APP Original article source: ...
Mortgage rates see fourth straight increase. What does this mean?
The uptick in the cost of home loans reflects a rise in the bond yields that lenders use as a guide to price mortgages, specifically the yield on the US 10-year Treasury. The yield on the 10-year ...
AOL8d
Mortgage rates top 7%, hitting 7-month high. But relief may be in sight.
The strong hiring data caused traders to reevaluate their expectations for Federal Reserve rate cuts this year and sparked a steep rise ... It’s the fifth straight week that mortgage ...
Boston Herald7d
Average rate on 30-year mortgage hits 7%, its fifth straight increase and highest level since May
The rate rose to 7.04% from 6.93% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.6%. It has risen for five straight ... loans reflects a rise in the bond ...
Star Tribune8d
Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May
The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months. The rate rose to 7.04% from 6.93% last week, mortgage buyer ...